Europe Mining News

Polyus Gold Q1 output up 60%

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

China reselling SA coal into Europe

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 hosts first mining enterprise IT summit in Russia

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 […]

Agnico Eagle's Kittila Mine to use Gemcom InSite

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

Scandinavian Devico Carves Out Leadership Position in Accurate and Precise Drilling Equipment

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 announces new distributor for Australia

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.

Molycorp’s $89m deal for AS Silmet doubles REO production capacity

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.

Glencore to make last minute call on listing

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 […]

Kate Middleton has coal mining connection

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.

Institutional investor wants KGHM to pay entire profit as dividend

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 announces smooth production ramp up at the Çöpler Gold Mine in Turkey

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.

KGHM announces almost doubling in Q4 profits

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

TMX Group and LSE deal is "unacceptable"

Diane Francis, writing for the Financial Post, is withering in her denuciation of the proposed takeover of the TMX Group by the London Stock Exchange. She calls the deal "unacceptable" and says the deal would harm "Canada's competitive advantages".

TMX, LSE in merger talks: media reports

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's Primary Crushing Capacity Boosted by Crusher Cavity Optimization

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 […]

Wow! What a week

This week the Gold market covered a $39.80 range, in which all but $1.10 occurred in today’s trading session.

Illegal diamond trafficking in Antwerp

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 to list on London Stock Exchange

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

Mining strong – Atlas Copco sees sales back at 2008 level

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 Delivers Technology for the Expansion of Outokumpu's Ferrochrome Plant in Finland

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 […]

Highlights from the ninth annual London Gold Conference

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.

Polish plow exceeds coal production expectations and sets new record

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 wins comprehensive service contract for Boliden's Aitik mine

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 […]

New compact washing plant for Wakoz Beton in Poland

Wakoz Beton are the owners of the first M2500 mobile washing plant to be installed in Poland. Read more