Europe Mining News

World's top diamond miner Alrosa output up 14% in first half of 2017

The Aikhal division accounted for more than a third of the company’s total output in the period, having extracted 6.9-million carats of rough diamonds – a 26% year-on-year increase.

Luxembourg shoots for the stars with fresh space mining deal

The country's ultimate objective is to have its own space mining agency by the end of the year.

New African rare earth mine to start production by year-end

Gakara mine, which operated for 30 years until 1978, is expected to restart commercial production in the fourth quarter of the year.

US steel production falls back in June

After strong start to 2017, US steel output growth for the first six months slows to just 1.3%.

Centerra gets some breathing room in dispute with Kyrgyz Republic

The arbitrator has sided with miner, allowing it to move forward with the case against the Central Asian country.

The world’s largest diamond miner just found two massive rocks

Both rocks, said ALrosa, are believed to be gem-quality.

Rio Tinto axes iron ore export forecast for the year

It also revised down its expected share of hard coking coal for the year to between 7.2 to 7.8 million tonnes from 7.8 to 8.4 million tonnes.

World's second-largest diamond 'too big' to sell

Lucara Diamond’s Lesedi La Rona is said to face challenges other rock never do, including its multi-million-dollar price tag and a risky polishing process that can take months or years.

Luxembourg becomes first European country to pass space mining law

The bill, approved by a vast majority, defines the conditions companies must fulfill to get a licence for launching a space mining mission.

Saudi Ma'aden to develop Mansourah, Massarah gold mine- sources

Ma'aden operates six gold mines in the Central Arabian Gold Region, western Saudi Arabia which contains much of the Kingdom's gold rich ore deposits.

LME favourite to clear for new base metals platform NFEx -sources

NFEx says in talks with several clearing houses

Polyus grabs all of legendary Sukhoi Log gold deposit

First discovered in 1961, Sukhoi Log in eastern Russia holds 62.8 million ounces of gold.

Rio Tinto in search of the next Escondida mine in Chile

The so-called Palmani project aims to discover and characterize the mining potential of an area located in Chile's extreme north, at about at 2,100 metres of altitude.

Alrosa has sold $2.5 billion in diamonds so far this year

The world's largest diamond producer by output said market has refound its balance.

Eldorado finishes Integra Gold acquisition, expands operations in Canada

Deal gives Eldorado full ownership of the Lamaque project near Val-d'Or, Quebec, which is expected to produce 123,000 ounces of gold at all-in sustaining costs of US$634 per ounce over 10 years.

Mining jobs among the ones artificial intelligence will take over first

Using PwC research, UK-based digital marketing agency Aira worked with RS Components to reveal how many jobs per sector are at high risk of being taken by robots by 2030. Mining ones are among them.

Metso signs three new Life Cycle Services contracts with mining customers in Pacific Rim

During the first quarter of 2017, Metso signed three new long-term maintenance contracts with major mining companies in the Pacific Rim region.

Another huge diamond unearthed in Lesotho mine

The 126-carat is the latest in a string of major discoveries Gem Diamonds have made at Letšeng this year.

Top 50 mining companies reshuffle as Chinese, lithium firms climb rankings

Combined worth of 50 largest mining companies grow to $768 billion during first half of 2017, but a few big names drop down rankings.

London court hears Vedanta's challenge to Zambian villagers' pollution claim

Case has potential to set precedent for other foreign claims.

Former Glencore traders launch concentrates trading platform

The online marketplace, named Open Mineral, will let miners put up tenders for their concentrate directly to end-users.

Egypt awards gold mining tender to four companies

Two of them are foreign firms.

Metso awarded American Metal Market's Scrap Equipment Provider of the Year

The recognition was granted for the best-in-class performance and announced at the AMM Awards 2017 for Steel Excellence, in New York, United States.

60% of ALROSA's investments are used for diamond mining development – Sergey Ivanov

In 2016, ALROSA's investments in underground mines and other core production facilities amounted to RUB 16.5 billion or 60% of the Company's total capital investments.

Canada’s Gabriel Resources sues Romania for $4.4bn over halted mine

The company argues the Central European country violated several investment treaty provisions in its claim to the bank’s International Centre for Settlement of Investment Disputes.