Reuters reports the London Metal Exchange has been approached by several potential bidders and will consider takeover proposals in late February according to its CEO. The LME handles some 80% of global trade in metals futures and a takeover will help the the 134-year old trading floor to compete against rapidly-expanding Asian metal trading hubs.
Europe Mining News
German mining and commodity group Deutsche Rohstoff AG said on Wednesday it will develop mining operations in east Germany to exploit estimated deposits of 38,000 tonnes of rare earths.
Belgium's justice minister ordered an inquiry Wednesday linked to a growing controversy over possible tax fraud among diamond traders in the port city of Antwerp.
Ramirent Sweden has been selected as a total solution supplier of rental equipment in the expansion of Boliden's operations at the Garpenberg mine near Hedemora, Sweden.
Carpathian Gold Inc. (TSX:CPN) (the "Corporation" or "Carpathian") is pleased to provide a review of the results and achievements for 2011 and its capital expenditure and exploration work programs and outlook for 2012 for which it has allocated a total budget of approximately $152 Million. The Corporation is pleased with the achievements it made in 2011 on its two wholly owned assets: 1) Riacho dos Machados Gold Mining Project (the "RDM Mine" or "Project") in Brazil which is now in the mine construction phase and; 2) the Rovina Valley Project in Romania which is currently undergoing a Pre-feasibility Study.
The major Polish manufacturer of mining equipment, Famur, has recently signed the largest contract in its history with Kompania Weglowa, for 147 million zloty (zł), or almost €33 million. Kompania Weglowa remains state-owned but is Poland’s and the EU’s largest coal producer employing over 60,000 people across 15 mines.
Ninety percent of the Netherlands’ gold reserves are held overseas. Much of the gold is in vaults in New York in the United States, says newspaper.
London copper rose on Friday, erasing this week's declines, after jobs data pointed to a recovery in the US economy and offset concerns that the euro zone crisis is dragging demand growth lower.
Eldorado Gold Corporation (ASX: EAU) has commenced treatment of concentrate from the company’s Efemcukuru mine in Turkey after commissioning a concentrate treatment plant.
A Dutch paper reported on Thursday that France's Areva is eyeing a stake in UK-based uranium enrichment company Urenco.
ABB's new, highly energy-efficient synchronous reluctance motor and drive package has won the 2011 Automation Award. ABB says "the package represents a breakthrough that combines best-in-class energy efficiency and customer value. ous motor and matched frequency converter, is designed for maximum performance.
London copper fell on Wednesday, snapping two days of gains, as worries that the financial crisis in the euro zone will slow global economic growth overrode optimism from upbeat U.S. economic data.
Better consumer demand provided some support to help steady the yellow metal on Wednesday as the euro dropped.
Eastern Platinum Limited (the “Company” or “Eastplats”) is pleased to report that further to its press release of February 1, 2011 announcing the receipt of letters of commitment for a debt facility
A Liebherr excavator climbed up and then balanced upon a specially built tower in Vienna, Austria.
Al Jazeera reports that metal theft in England is widespread, and a British railway authority says that metal theft has cost them milllions.
The Handheld Group, a manufacturer of rugged PDAs and mobile devices, strengthens its presence in the important German, Austrian and Swiss markets with the acquisition of the hardware division of its distribution partner Latschbacher.
2011 will go down as the year when the wind fell out of the sails of economic recovery and serious storm clouds gathered on the horizon.
Britain’s coal producers have tabled a five-point plan that they say “will give the nation’s electricity users cheaper, reliable and sustainable power supplies whilst safeguarding jobs, stimulating investment and reducing energy imports.”
The precious metals that were supposed to provide a haven in times of economic turmoil are rapidly losing their lustre as the year draws to a close.
Prices of copper on the LME fell on Wednesday after poor housing data in the US raised concerns that demand for the metal could wane
French nuclear giant Areva says it is in talks to sell its 26% stake in major nickel miner, Eramet (formerly Soc. Le Nickel) with major operations in New Caledoinia.
The current bull market in precious metals is set to hit new heights in the coming years, but many financial types still do not fully grasp the implications of what is driving the rise in gold and silver prices. In order to understand the nature of thi...
Dec. 27 (Bloomberg) -- Gold fell, declining to the lowest level in a week, on concern that Europes debt crisis may escalate, boosting the dollar and damping demand for commodities. Cash gold dropped as much 0.8 percent to $1,594.95 an ounce, the lowest...
In a study of pancreatic cancer, Spanish researchers found that patients with high concentrations of nickel and selenium were least likely to suffer from the disease.