Russia's top gold digger said it produced 323,000 ounces of the yellow metal in Q1, 60% more than the same period the year before Russia's top gold producer Polyus Gold (PLZL.MM: Quote) said on Wednesday its output in the first quarter of this year was
Europe Mining News
At least four capesize cargoes of South African coal have been sold back to the original sellers by Chinese buyers during the past month and all are coming to Europe, said sources familiar with the deals. The South African coal is being stockpiled in Amsterdam-Rotterdam-Antwerp and at power plants either for sale into Europe or to be burned at the main buyer's own power plants.
Mincom, one of the leading global providers of software and services to asset-intensive industries, recently held its first ever mining IT summit in St Petersburg, Russia to share best practices for optimising asset management, production […]
Gemcom Software International, one of the largest global suppliers of mining software solutions, recently announced Agnico Eagle’s Kittila mine in northern Finland has chosen Gemcom InSite as its mine production management solution. Read more
Within an ordinary industrial building in central Norway, people hover over a test drillhole running many meters deep. They are Devico engineers assessing the latest enhancements to the DeviTool surveying equipment in the test facility […]
CDE has signed a new dealer for Western Australia, the Northern Territory and South Australia. The washing equipment specialists from Northern Ireland have added 888 Crushing & Screening to their global distributor network and the agreement follows the recent installation of the first M2500 mobile wash plant in Australia.
The US$89 million shares-and-cash acquisition of Estonia's AS Silmet by Colorado's Molycorp means both rare earth companies "will be able to take advantage of the very robust price situation in the market right now," Molycorp CEO Mark Smith said during a conference call with analysts Monday.
LONDON - Uneasy markets mean Glencore is likely to put off a decision on whether to push ahead with its flotation until the last possible moment. Glencore has so far played a cagey game, raising […]
The Associated Press reports that Kate Middleton's ancestors worked in England's coal pits: Her great-grandfather left coal country nearly a century ago in pursuit of a safer way of life in the London area, but […]
Ormonde Mining reports final results of infill drilling program at its Tungsten project in Barruecopardo
Fifteen holes have been drilled so far at Ormonde Mining's Tungsten project in Barruecopardo. The company released the final results of the infill drilling program on Wednesday.
One of the Polish miners institutional investors called on the copper producer to hand back its entire 2010 profit of $1.6bn as a dividend
Alacer Gold Corp is pleased to announce that production at the Çöpler Gold Mine in Turkey is ramping up smoothly. Initial recovery rates from the run-of-mine heap leach ores are very encouraging. Çöpler produced first gold as announced on December 22, 2010. Gold production at Çöpler was 512 ounces in December 2010 and 8,590 ounces in January 2011. In February 2011 production is expected to be approximately 9,000 ounces.
The Polish miners beat market expectations announcing a strong fourth quarter on the back of surging metal prices and said it expects to see 2011 net profit jump to a record 8.35bn zlotys Poland's KGHM (KGHM.WA: Quote) almost doubled its fourth-quarter
Two of the world's largest mining bourses are talking about a merger, according to two major newspapers who broke the story on Tuesday. The TMX Group Inc. and the London Stock Exchange PLC plan to […]
Talvivaara mine, located in Northern Finland, is today the biggest sulfide nickel ore mine in Europe. In close cooperation with Metso, and with crusher cavity optimization, Talvivaara recently boosted its primary crushing capacity annually by […]
This week the Gold market covered a $39.80 range, in which all but $1.10 occurred in today’s trading session.
Antwerp judicial authorities have uncovered a fraud involving forged diamond certificates. Diamonds worth 22 million euros were transported to Antwerp illegally using forged Kimberley certificates.
Shaft Sinkers Holding, the South African developer of vertical and decline shafts for underground mines and infrastructure, has announced its intention to list on the London Stock Exchange on December 23rd. Read more
At Atlas Copco’s annual press lunch in London this week, Björn Rosengren, Senior Executive Vice President, Construction and Mining Technique (CMT), reported that business was back to 2008 levels and lead times were stretching out […]
Outotec will deliver sintering and ferrochrome smelting technology for the expansion of Outokumpu's ferrochrome plant in Tornio, Finland. The new sintering plant and smelter will double Outokumpu's ferrochrome production capacity. The contract value is approximately […]
Recently RBC Capital Markets held its ninth Annual Gold Conference in London - hosting CEOs of the world’s largest gold companies. RBC reports the reoccurring themes from its ‘In Conversation With’ forum and audience polls.
The Innovation News article in the December issue looks at the lead Bucyrus (now Caterpillar) has in coal plows. One of the most recent installations was an automated plow longwall ordered by Lubelski Węgiel Bogdanka for […]
ABB, the leading power and automation technology group, has won a maintenance service contract from Boliden AB to maintain the high productivity, increased energy efficiency and lower operating costs afforded by ABB power and automation […]
Wakoz Beton are the owners of the first M2500 mobile washing plant to be installed in Poland. Read more