Europe Mining News

Golden Touch Resources Corp.: High Priority Drill Targets Identified by Geophysical Surveys at the Rubik Gold Project (PEL 1124)

Golden Touch" or the "Company") (TSX VENTURE:GOT)(FRANKFURT:0GT) is pleased to announce that a significant number of high priority drill targets have been identified by induced polarisation geophysical surveys at the Rubik Gold Project (PEL 1124). VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 1, 2012) - Golden Touch Resources Corp. ("Golden Touch" or the "Company") (TSX VENTURE:GOT)(FRANKFURT:0GT) is pleased to announce that a significant number of high priority drill targets have been i...

Scotgold expects licence for Loch Lomond gold-silver mine in May

Scotgold Resources announced Tuesday it expects to receive a mining lease from the Crown for the Cononish gold and silver project, the only one of its kind in the UK,  in May this year. Production could start early in 2013.

Great Western Minerals Group's LCM Successfully Completes First Pour With New Rare Earth Furnace

SASKATOON, SASKATCHEWAN--(Marketwire - Jan. 31, 2012) - Great Western Minerals Group Ltd. ("GWMG" or the "Company") (TSX VENTURE:GWG) (OTCQX:GWMGF) is pleased to announce that its wholly owned subsidiary, Less Common Metals ("LCM"), has successfully carried out the first full-scale melt with LCM's newly acquired furnace. The first pour was undertaken on Friday, January 27, 2012 at LCM's new plant located in Hooton Park in Birkenhead, United Kingdom. SASKATOON, SASKATCHEWAN--(Marketwire - Jan. 31, 2012) - Great Western Minerals Group Ltd. ("GWMG" or the "Company") (TSX VENTURE:GWG) (OTCQX:GWMGF) is pleased to announce that its wholly owned subsidiary, Less Common Metals ("LCM"), has su...

Santander, BBVA close commodities trading desks

Spain's two largest banks, and Santander and BBVA are closing their commodities trading units to focus on core business, a spokesman and a source said, which will lead to about 15 job losses in all.

New burdens as EU banned chemicals list is tripled

Manufacturers and distributors across a broad range of industries which place products on the EU market face “significant” extra costs under EU proposals to nearly triple the number of banned chemicals.

Poluys fill the vaults ahead of listing, Kinross takeout rumours swirl

In a trading update Monday Russia’s Polyus Gold International, owned by Mikhail Prokhorov, announced a 8% increase in gold production to just under 1.5 million ounces which boosted earnings 40%. Prokhorov, a Vladimir Putin rival in upcoming presidential elections, is also readying his firm for a London listing after which he says he wants to do a major deal.

CIDA supports Canadian mining: the pros & cons of a rising debate

Soon after the fall of the Berlin wall, we descended on Wismut, East Germany with proposals to help them cleanup the old uranium mines, mills, and tailings impoundments that the Russians left behind.

Tournigan’s Prefeasibility Study Indicates Kuriskova Could be Among World’s Lowest Cost Uranium Producers

Tournigan Energy Ltd. (TVC: TSX-V; TGP: Frankfurt) has received a Preliminary Feasibility Study (“PFS”) on its flagship Kuriskova high-grade uranium deposit located in Slovakia from its independent consultant, Tetra Tech, Inc. (Tt), in Golden, Colorado.

Romanians rally for and against Rosai Montana gold mine

Environmentalist demonstrators have taken to the streets in Romania against the Rosia Montana gold mine, while local tonwspeople have rallied in support.

Fukushima was a blip; uranium fundamentals stronger than ever

The meltdown at the Fukushima Daiichi nuclear plant last March had uranium investors fleeing for the exits. While the nuclear fuel used to make yellowcake had enjoyed something of a renaissance (after tanking in 2008-09 due to the financial crisis) in the runup to the earthquake and tsunami that rocked Japan, all that changed in the aftermath of the quake.

Adroit Updates Antimony Soil Sampling in Italy

Management is pleased to report results from the summer and fall soil sampling surveys on certain of Adroit's antimony exploration permits in Grosetto Province, Italy. The surveys and analysis of the samples were carried out by Adroit's wholly owned Italian subsidiary, Risorse dei Minerali Naturali Srl (RMN).

Astur Gold Announces EIA Advanced to Next Phase

Astur Gold Corp. (TSX VENTURE:AST)(FRANKFURT:CDC) ("Astur Gold" or the "Company") has been notified that the Directorate General of Environment of the Principality of Asturias has commenced preliminary consultation work towards an Environmental Impact Assessment Study ("EIA") for Astur Gold's Salave gold project.

Dalradian Resources Inc. announces $25 million bought deal financing

Dalradian Resources Inc. ("Dalradian" or the "Company") (TSX:DNA) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and Clarus Securities Inc., and including Stifel Nicolaus Canada Inc., under which the underwriters have agreed to buy on bought deal basis by way of a short form prospectus, 12,500,000 common shares (the "Common Shares"), at a price of $2.00 per Common Share for gross proceeds of $25 million (the "Offering").

Dr Caterpillar's (excellent) prognosis for mining

With revenues of $60 billion last year and operations at the ends of the earth, few companies are in a better position to take the pulse of the global economy and the resource sector than Caterpillar. But what is it saying about the outlook for 2012?

Poland's Bogdanka wins coal supply contract worth $3.4 billion

Polish miner Bogdanka has signed a 20-year coal supply deal with power group Enea estimated to be worth $3.4bn. Enea will take deliveries of coal intended for its 1,000MW power plant in Poland, starting in the first quarter of 2017.

Uralkali Ready to Cut Potash Output to Protect 45% Price Gain: Commodities

OAO Uralkali (URKA), Russia’s biggest fertilizer maker, is ready to cut production to prevent potash prices from falling after Potash Corp. of Saskatchewan Inc. announced reductions this year.

Lundin Mining reports on Neves-Corvo future underground materials handling study and zinc expansion

The initial Future Underground Materials Handling Study for Lundin Mining’s Neves-Corvo mining complex in southern Portugal identified and evaluated the underground materials handling and access options necessary to pursue the exploitation ...

Lundin Mining reports on Neves-Corvo future underground materials handling study and zinc expansion

The initial Future Underground Materials Handling Study for Lundin Mining's Neves-Corvo mining complex in southern Portugal identified and evaluated the underground materials handling and access options necessary to pursue the exploitation of the deeper Lombador copper/zinc resources as well as the Semblana copper deposit which are adjacent to the Neves-Corvo mine. The mine was examined in detail in IM January as part of the current Great Mines series on Lundin (Tenke Fungurume in March).

Putin presidential rival seeking $1 billion in London for his gold company

Bloomberg reports that Russia's Polyus Gold International, owned by Mikhail Prokhorov, a Vladimir Putin rival in upcoming presidential elections, could raise us much as $1 billion as part of its planned listing and share sale in London.

UK Coal digs its way to profit

The group hit its production target despite virtually no output from its Daw Mill colliery in Warwickshire during December.

Lundin Mining Reports on Neves-Corvo Future Underground Materials Handling Study

Lundin Mining Corporation (TSX:LUN)(OMX:LUMI) ("Lundin" or the "Company") provides a summary of the results of the initial Future Underground Materials Handling Study (the "Study") for its Neves-Corvo mining complex in southern Portugal. This conceptual level study identified and evaluated the underground materials handling and access options necessary to pursue the exploitation of the deeper Lombador copper/zinc resources as well as the Semblana copper deposit which are adjacent to the Company's Neves-Corvo mine.

Green energy irony: Next-door nuclear plant wants to stop world's first clean coal power station

The Scotland Herald reports plans to build a $4.6 billion coal-fired power station in the UK with carbon capture and storage (CCS) technology suffered another serious setback this week after the French firm that operates near-by reactors warned that the proposed coal plant endangers the safety of the nuclear facility.

Eye-watering cost of renewable revolution

Germany's energy policy could cost some €1.4 trillion ($1.8 trillion) by 2030 even before the cost of the nuclear shutdown is taken into account.

thyssenkrupp expects ‘significantly' lower Q1 profit

The German steelmaking group expects to post a significant decline in adjusted first-quarter operating profit, dragged down by business in the Americas and a slowing global economy.

FAMUR record-breaking contract with Kompania Weglowa

FAMUR - a leading manufacturer of machines and equipment for the mining industry - concluded in the period from 1 December 2011 to 5 January 2012, a series of individual contracts with Kompania Węglowa S.A. totaling more than PLN 179 million.