Europe Mining News

World’s dumbest politician

A country that represents less than 2% of the Euro block and a tiny fraction of the world economy continues to be the tail that wags the dog.

10-year review critiques the mining industry's sustainability

The IIED report urges the sector to move from improving its standards in principle to actually implementing them in practice.

Will the ECB and fed follow where China leads?

Every month, policymakers track purchasing managers’ indices (PMI) around the world as they consider fiscal and monetary actions. To us, a PMI is a measure of health of companies around the world, because it includes output, new orders, employment and prices across manufacturing, construction, retail and service sectors.

35-carat stone on display in the Tower of London to mark the Queen’s Diamond Jubilee

Steinmetz Diamond, a diamond brand from the De Beers group, put a 35.60 carat pink-brown diamond on display in the Tower of London on Monday, as part of the celebration of Queen Elizabeth II’s Diamond Jubilee.

A 35.60 carat diamond heads to the Tower of London

It took six months to cut into shape and now it is on display today in the Tower of London to mark Queen Elizabeth II’s Diamond Jubilee, a fancy pink-brown colour 35.60 carat diamond.

After announcing six metres at 617 g/t of gold, Mawson Resources' stock jumps 33%

Mawson Resources (TSE:MAW) spiked 33% to $1.44 a share on Thursday after announcing its first drill results from the Rompas gold project in Northern Finland.

Myths and realities of returning to a gold standard

The gold standard, under which any holder of paper dollars could redeem them for gold at the US Treasury, is now within the living memory of just a few million Americans, nearly all of whom would be dangerous behind the wheel.

A blessing for some and a bane for others: the gold under Rosia Montana in Romania

The planned development of Rosia Montana, proposed location for Europe’s largest open cast gold mine, is splitting the community

EastCoal Inc. closes C$17,010,000 private placement

The Company is focused on the Donbass coal basin of Ukraine which has large coal reserves and excellent prospects.

Infographic: The world’s biggest heists from diamonds to art

The creative department at ADT Home Security Services produced the following infographic, depicting some of the largest diamond, cash and art-related crimes around the world in recent times.

Glenstrata ready to become the largest mining industry merger in recent history

The prospectus giving details of the creation of a $90 billion mining and commodities trading behemoth will finally find its way to the inboxes of shareholders today.

Eldorado Gold Corporation to de-list from Australian Securities Exchange

Eldorado Gold Corporation ("Eldorado") ("the Company" or "We") (TSX:ELD)(NYSE:EGO)(ASX:EAU) today confirmed its intention to be removed from the official list of the Australian Securities Exchange ("ASX") effective at the close of trading on August 31, 2012 (Sydney time). Eldorado had previously announced on February 24, 2012 that it intended to de-list from the ASX (see news release 12-09).

The fear factor in gold equities: Robert Cohen

Market is primed for patient accumulation, says Robert Cohen.

Gold traders peer into bear territory before Spanic triggers buying

The raft of US economic numbers out this week and the stream of bad news emanating from Europe saw the gold price swing in a $40 an ounce range on Wednesday.

'A decade of rising commodity prices is always followed by two decades of declines.' Now you tell us!

Ruchir Sharma, head of emerging markets at Morgan Stanley, makes one of the most bearish statements yet on the end of the so-called commodity supercycle.

Thousands of Spanish coal miners on indefinite strike and calling for massive protest tomorrow in Madrid

After a week of protests, Spanish coal miners have decided to go on indefinite strike amid fears their entire industry is about to go to the wall, after the government slashed the coal’s sector subsidy by two-thirds.

Former Wall Street trader's comments on Europe has the financial community raving on Twitter

Nassim Taleb, a former Wall Street trader and author of the famous book “The Black Swan: The Impact of the Highly Improbable,” is being attacked this morning by the financial community in different social media outlets, mainly Twitter, after a Bloomberg article quoted him saying he favours investing in Europe over the U.S.

Talvivaara may not expand if hit by tax: report

Finnish mining company Talvivaara (TLV1V.HE) (TALV.L) may halt plans to expand its nickel mine if Finland levies new taxes on mining as punishment for environmental problems, Talvivaara chief executive told weekly newspaper Tekniikka&Talous.

Copper up on Greek hopes, China stimulus

Copper edged higher on Monday on hopes of more stimulus from China, and after Greek conservative parties topped opinion polls, helping calm fears over contagion should Athens default on its debt and leave the euro.

The euro and the gold price – potential fallout consequences

For many years now gold and silver -by its pattern of following gold wherever it goes- have been treated by traders, investors and central banks as a 'counter to the U.S. dollar' and quite rightly so; this definition, however, applies primarily to the long-term value of the dollar and not simply to the daily gyrations of the dollar's exchange rate.

Glenstrata takes shape this week

The prospectus giving details of the creation of a $90 billion mining and commodities trading behemoth will find its way to the inboxes of shareholders this week.

Return to the Rio Tinto

If there is one mining project anywhere in the world that could warrant the old Hollywood blockbuster title of Back to the Future it must be EMED Mining’s Rio Tinto copper venture in Andalucía, Spain.

Freaky Friday looms for gold

Gold faces a crucial test in the coming holiday-shortened week with crucial US jobs numbers out on Friday and the ongoing Eurozone crisis making or breaking the yellow metal's assault on $1,600 and higher.

UK greens warn of a return to era of 'dirty coal'

Coal-fired power stations trialling 'carbon capture' technology could be exempt from regulations.