Europe

Amur Minerals rises and falls on licence to mine nickel, copper in Russia

MINING.com Editor | May 28, 2015
Amur Minerals rises and falls on licence to mine nickel, copper in Russia

On Thursday the stock lost over 7%, closing at 18.30 pounds, after having skyrocketed almost 120% from May 22 to May 26.

Austria plan to repatriate gold not linked to Brexit talk: Nowotny

Reuters | May 28, 2015

Decision said to reflect trend among central banks.

Swiss gold exports to China drop 67% in April

Mineweb | May 28, 2015

Exports dropped by around 67% in April to just 15.1 tonnes.

Chile regulator seeks sanctions against Lundin’s Candelaria mine

Cecilia Jamasmie | May 27, 2015
Chile regulator seeks sanctions against Lundin’s Candelaria mine

Inspections that took place between 2013 and 2014, revealed 16 infractions, nine of which were considered very serious.

South Africa doesn’t have enough coal for power plants beyond 2016

Cecilia Jamasmie | May 27, 2015
South Africa doesn’t have enough coal for power plants beyond 2016

Main power utility, Eskom, is struggling to meet demand in a country that depends on coal to generate 85% of its electricity.

Romania opens door to new gold, copper project led by Canadians

Cecilia Jamasmie | May 27, 2015
Romania opens door to new gold, copper project led by Canadians

This is first time Romania grants a mining license without the involvement of a state-owned enterprise.

China eyes Canadian uranium miners — report

Cecilia Jamasmie | May 26, 2015
China eyes Canadian uranium miners — report

China needs supply for its 22 operating reactors and the other 24 currently are under construction.

Alrosa unearths 78.02-carat diamond from its Mir mine

Cecilia Jamasmie | May 25, 2015
Alrosa unearths 78.02-carat diamond from its Mir mine

According to the company, the gem is estimated is worth more than $600,000 if put on auction.

Metso places mining division in back burner as sales remain poor

Cecilia Jamasmie | May 22, 2015
Metso places mining division in back burner as sales remain poor

Metso and its peers in a Nordic cluster of mining gear suppliers, including Atlas Corp., Sandvik and FLSmidth have been squeezed by spending cuts among miners in the last three years.

'Lean and Mean' is the secret to junior mining equity success: Thibaut Lepouttre

The Gold Report | May 21, 2015
CW Women in mining business, boardroom, office - 333

In this interview with The Gold Report, Lepouttre talks at length about some of his favorites inside and outside the gold space.

This is what the CAT 336F L XE hybrid excavator looks like

MINING.com Editor | May 21, 2015
This is what the CAT 336F L XE hybrid excavator looks like

It has a “smart” pump, boom works faster, and burns less fuel.

EU lawmakers surprise with vote on ‘blood metals’ ban

Cecilia Jamasmie | May 20, 2015
EU lawmakers surprise with vote on ‘blood metals’ ban

The main objective of the legislation is to ensure that profits from those so-called “blood metals” — tungsten, tin, tantalum and gold — do not go to African warlords.

Traders warn on gold liquidity as banks stay away

Another lawsuit against London gold fix banks

A few years ago London's precious metals traders would arrive at their desks to find the phones flashing. On the other end of the line were rival banks looking to buy and sell gold. Today the trading floors are a lot quieter.

K+S on track to begin producing potash from Legacy mine next year

Cecilia Jamasmie | May 19, 2015
KplusS Potash 400 333

Legacy will be the first new potash mine built in Canada's Saskatchewan in the last 40 years.

Mining companies could shift market share away from OEMs if product quality is compromised

Timetric | May 19, 2015

As mining companies reinforce their push to minimise costs, original equipment manufacturers (OEMs) are at risk of losing market share if their product quality, after sales services and inventories, is not improved.

Nordgold ups gold output 26% to 267koz

MINING.com News | May 18, 2015

Seven out of Nordgold’s nine mines achieved a year-on-year production increase, with double digit growth at Bissa, Lefa, Berezitovy and Neryungri.

Poland fights for coal, but Russia may benefit

Politico | May 14, 2015

Poland's defense of coal, which has been a measure of energy independence from Russia, might actually be an asset to the Kremlin's influence.

Global gold demand drops 1% in Q1, but investments jump — report

Cecilia Jamasmie | May 13, 2015
Global gold demand drops 1% in Q1, but investments jump — report

Once again Asia drove demand, with China and India alone accounting for 54% of the total.

Cecilia Jamasmie

Copper, nickel prices likely to be hit by El Niño event

Cecilia Jamasmie | May 13, 2015
Copper, nickel prices likely to be hit by El Niño event

The recurring phenomenon — a warming of the Pacific Ocean as part of a complex cycle linking atmosphere and ocean — has in the past affected mine output, triggering price spikes.

Giving up on iron ore best option for Anglo American — Investec

Cecilia Jamasmie | May 13, 2015
Giving up on iron ore best option for Anglo American — Investec

The bank says Anglo could use the funds it gets for dividends and to invest in its much stronger sectors, copper and diamonds.

Glencore under fire on Colombia coal mines

The commodity and mining firm is battling activists who allege its Colombian coal mines have whisked profits out of the country, while causing environmental and labor issues.

Glencore CEO says rivals pushing mining sector into confidence crisis

Cecilia Jamasmie | May 12, 2015
Glencore CEO says rivals pushing mining sector into confidence crisis

Ivan Glasenberg has once again slammed his competitors, who he accuses of damaging the credibility of the mining industry.

This is how BHP plans to be the world’s lowest-cost iron ore miner

Cecilia Jamasmie | May 12, 2015
This is how BHP plans to be the world’s lowest-cost iron ore miner

CEO Andrew Mackenzie announced the firm would cut capital and exploration expenditure to $9 billion in the 2016 financial year from $12.6 billion in 2015.

Global CO2 levels reach historic record

Cecilia Jamasmie | May 8, 2015
Global CO2 levels reach historic record

The monthly global average concentration of CO2 in March was the highest since scientists began tracking this greenhouse gas in the global atmosphere.

Archaeologists find silver, gold pirate treasure in Madagascar

Cecilia Jamasmie | May 8, 2015
Archaeologists find silver, gold pirate treasure in Madagascar

According to the team of explorers, the silver treasure found belonged to the infamous 17th-century Scottish pirate William Kidd.

Bank of America has just dumped coal

Cecilia Jamasmie | May 7, 2015
Bank of America has just dumped coal

The banks is reducing its financing for coal mining projects, which now considers too risky.

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