Some analysts claim that the cross rate between the euro and the yen affects the price of gold (the term “cross” meaning here that the quote does not involve the U.S. dollar). Are they right? Let’s see the chart below and check it out.
Europe Mining News
Minerals company Cobalt 27 Capital Corp made its debut on Canada's Venture Exchange on Friday, raising C$200 million in a listing that offers investors exposure to cobalt, a key metal for batteries in electric cars.
New appointments include Russian billionaire
FLSmidth will be working with Goldcorp to develop EcoTails™, a new system to dramatically improve tailings and waste rock disposal.
Metso invests in growth: The assembly capacity of Lokotrack crushing plants in Tampere is to be enhanced
The capacity of Metso's Tampere factories will be increased and occupational safety improved with the new production line for Lokotrack mobile crushing plants. The investment of approximately one million euros will significantly shorten the delivery times of equipment models put into line assembly production.
South Africa-listed Pallinghurst now needs just 60% of Gemfields’ shareholders to back its unsolicited takeover offer.
De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the fifth sales cycle of 2017.
The precious stones miner has recommended shareholders to accept offer, despite considering it “unfair.”
The miner's Jubilee pipe is famous for its large finds.
It’s a buyer’s market—if you know what you’re looking for.
More supply will likely drag prices lower, as the metal already touched a one-year low of $8,680 per tonne on the London Metal Exchange last week and is down more than 10% this year.
World leading diamond mining company looks to grow with DMCC and Dubai
Them mv SS Nujoma is the sixth diamond exploration vessel to join the fleet of Debmarine Namibia, a 50/50 joint venture between the government of that African country and De Beers.
It sold $54.8 million worth of rubies, a record high for any Gemfields auction and a 24% increase in revenue from the previous record.
Gemfields, which mines for emeralds and amethysts in Zambia and for rubies in Mozambique, had already received a buyout offer from largest shareholder Pallinghurst Resources.
Sellers and buyers of responsibly sourced, exceptional polished diamonds will be able to transact anonymously via the De Beers Auction Sales platform for the first time this month, when the exceptional polished stones auction is held on 29 June.
Move seeks strengthening the firm’s position as energy markets recover.
Positive response to the 14th MiningForum in Berlin
The mine, which began operations last month, is expected to produce 600,000 to 700,000 tonnes of potash this year and 2 million tonnes per year once at full capacity.
The last time Gem Diamonds had had made a significant discovery at its Letšeng mine before April this year was in 2015.
The expert institution operating under the auspices of the United Nations Economic Commission for Europe will contribute to the development of new methods of capturing and use of methane as a valuable energy source.
Energy minister George Stathakis said the move aims to ensure the company respects its contractual obligations.
ALROSA, the world leader in diamond mining, has announced diamond sale results for May and the first five months of 2017.
The EU regulation on mineral sourcing that comes into force today will not be effective enough due to its limited scope and delay in implementation.
The Swedish mining equipment maker is acquiring a 34% stake in Mobilaris MCE, which provides software to optimize underground operations.