Europe Mining News

Rio Tinto, Nespresso join forces to make coffee pods greener

Both companies are seeking to position themselves as sustainable to boost their investor and customer appeal

China's CEFC paid out compensation after Rosneft stake deal fell through

CEFC had signed a deal to buy 14.2 percent of Rosneft from Qatar and Glencore when CEFC Chairman Ye Jianming was put under investigation by the Chinese authorities for suspected economic crimes.

Silver becomes key component for ultra-efficient solar cells

"This constitutes a first step towards the production of novel electrodes for highly efficient solar cells and lights.”

World Gold Council announces update to AISC guidance

It is expected that companies may choose to use the updated guidance starting January 1, 2019.

Volkswagen to spend $50 billion on electric car 'offensive'

German automaker is also considering involvement in battery production.

Germany's K+S axes earnings guidance as severe drought hits production

The Germany-based fertilizer producer now forecasts earnings before interest, taxes, depreciation and amortisation (EBITDA) between 570 and 630 million euros, compared with previous forecast of 660 to 740 million euros.

Antofagasta approves $1.3B expansion of Los Pelambres mine

The company said the expansion, to start in early 2019, would add an average 60,000 tonnes of copper a year to its production over the first 15 years of operation.

Miners' spending on hunt for copper, EV metals hits $10 billion

Budgets jumped about 19%, outpacing last year’s gain.

Electric vehicle revolution goes underground with mine truck

Swedish mining equipment maker Epiroc AB is aiming to electrify all its underground machines within five years.

VW to convert three German plants to build electric cars

Emden, Hanover and Zwickau will form the largest network for the production of electric vehicles in Europe.

Diamond industry fails to clean up its act

The diamond industry must go beyond just lip service and meaningful measures to bring itself into line with international standards.

Nyrstar plunges as analyst warns shares will get wiped out

Abandon ship!

JP Morgan's co-head of metals to leave around end of the year

Sid Tipples, joint head of JPMorgan's metals business, will leave the bank around the end of the year.

Caterpillar steps up game to keep leadership in North America

In the past two years, Cat  has  been  working  on  growing  its  offering,  particularly  in  the  underground  segment,  as  well  as  filling  up  some  gaps  in  terms  of  trucks  sizes.

RSC Mining and Mineral Exploration partners with Terra Modelling

The agreement provides a considerable combined offering to the mineral exploration and mining market.

Euro Sun gets mining license for Rovina in Romania

The Euro Sun describes it as one of the largest mineral deposits in the European Union.

U.S. postpones sanctions deadline on Russian tycoon's firms

U.S. authorities had given Russian tycoon Oleg Deripaska until Dec. 12 to reduce his holdings in the three companies but said in a statement that the deadline had been moved to Jan. 7, 2019.

Stung by Asian dominance, Germany pours cash into EV battery ventures

Germany has earmarked 1 billion euros ($1.2 billion) to support a consortium looking to produce electric car battery cells and plans to fund a research facility to develop next-generation solid-state batteries.

Poland's JSW eyes controlling stake in Prairie Mining -CEO

We are now working on internal approvals for the final stage of talks - Daniel Ozon, CEO Prairie Mining

Russian gold miner Polyus profit dented by currency losses

Q3 down 61% from 2017.

October inflows to gold-backed ETFs up as investors hedged risk -WGC

Worst October since the 2008 financial crisis.

European automakers BMW, Volvo to trial new LME steel contracts

Industry sources say automaker interest bodes well for the contracts, but new contracts usually take years to gain traction and a lack of interest from steelmakers could slow the process.

Iraq's Kurds add capacity to oil pipeline to export Kirkuk crude

The link’s capacity increased to 1 million barrels a day from 900,000.

Russian steelmaker MMK cautious after strong quarter, delays Turkey project

While MMK said it sees stable demand for steel products in its markets, it warns that global steel prices could put pressure on results.

Almost a quarter of Antofagasta’s energy needs met by renewables

The Zaldívar copper mine in Chile, a joint venture between Antofagasta and Barrick, will be able to replace greenhouse gas emissions equivalent to 350,000 tonnes per year, or about 87,000 vehicles annually.