Europe Mining News

Xstrata smelting decision a carbon price warning

Xstrata Mount Isa Mines has announced plans to sustain the future of its Mount Isa operations through expanded mining and concentrate production, while phasing out copper smelting at Mount Isa and refining operations in Townsville by the end of 2016. 

ABB $10 million order to supply complete mine hoist to the Dannemora Mine in Sweden

ABB, the leading power and automation technology group, recently won an order worth over $10 million from Dannemora Minerals to deliver a complete mine hoist to the newly reopened Dannemora iron ore mine in east central Sweden.

Metso and Fortum's joint development work on oxyfuel combustion technology makes headway

In a joint R&D project, Metso and Fortum have developed oxyfuel combustion technology that aims to reduce the CO2 emissions of power plants. In 2010, Metso's 4-MW test plant in Tampere, Finland, was modified for oxyfuel combustion, resulting in the biggest known oxyfuel combustion process based on circulating fluidized bed technology in the world. C

A fragile South African iron ore story

ArcelorMittal South Africa (AMSA), a subsidiary of ArcelorMittal, the world's biggest steelmaker, this week announced an agreement which may see the acquisition of an iron ore "resource" in the Northern Cape. At the same time, parent company ArcelorMittal announced its first quarter earnings, where, for the first time, it reported its mining interests as a separate segment.

Copper miner KGHM almost triples Q1 profits

Europe's No.2 copper producer KGHM (KGHM.WA) nearly tripled its net profit in the first quarter, beating expectations thanks to a rally in metal prices. Poland's state-controlled miner said on Friday its bottom line reached 1.96 billion zlotys ($710 million), compared to 1.84 billion seen in a Reuters poll.

Metso supplies automation and process electrification to Outokumpu's new ferrochrome plant in Tornio, Finland

Metso will supply an extensive electrification and automation delivery to Outokumpu's new ferrochrome plant in Tornio, Finland. The equipment will be installed in several phases during 2011 and 2012. The test runs in the new plants will start in late 2012.

SGS announces new mineral services laboratory in Turkey

SGS is pleased to announce the opening of a new, fully equipped minerals services laboratory in Ankara, Turkey that will provide analytical services to the commercial trade and geochemical services sectors. The new Ankara laboratory […]

Mountain Province Diamonds announces results of independent valuation of Gahcho Kué Diamonds

Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPV, NY-AMEX: MDM) today announced the results of an updated independent valuation of the diamonds recovered from the Gahcho Kué Project. The valuation was conducted by WWW International Diamond Consultants Ltd. and took place at the London offices of the Diamond Trading Company in early April, 2011. All diamond values presented below are based on the WWW Price Book as at April 11, 2011. Importantly, for the first time, the Gahcho Kué diamonds were grouped into larger parcels, each parcel representing diamonds from the Hearne, Tuzo and the separate lobes of the 5034 kimberlite. In the opinion of WWW, grouping of the diamonds into larger parcels increased the accuracy of the diamond valuation.

Xstrata reports 6% drop in Q1 copper output

Anglo-Swiss miner Xstrata (XTA.L: Quote) reported a 6 percent decline in copper output in the first quarter due to severe weather conditions at its Collahuasi mine in Chile and lower grades at its Alumbrera mine in Argentina. Overall, the miner said adverse weather conditions including flooding in Queensland and Western Australia, tropical cyclone Yasi and heavy rainfall in South Africa, Colombia and other parts of South America impacted production during the period.

Sandvik Q1 shares fall below forercast margin

Tool and machinery maker Sandvik's (SAND.ST: Quote) first-quarter operating margin was blown south of analysts' forecasts by currency headwinds, sending its shares down more than 3 percent. The maker of metalworking tools, mining equipment and specialty steels was among the hardest hit in Sweden's engineering sector during the financial crisis, but has since been buoyed by a rapid recovery in demand.

First quarter 2011: Results rise on higher aluminium prices and stronger sales

Hydro had underlying earnings before financial items and tax (EBIT) of NOK 1,448 million in the first quarter, up from NOK 588 million in the fourth quarter. Higher realized aluminium prices and premiums, higher volumes and lower operating costs lifted underlying results for the quarter.

Growth in catalysts, recycling to boost Umicore earnings

Belgian group Umicore (UMI.BR: Quote) forecast improved earnings this year due to strong demand for its automotive catalysts and improved supply for its precious metal recycling business. The metals and speciality materials maker said on Tuesday it expected 2011 operating profit (recurring earnings before interest and tax) to rise to 400-425 million euros ($559-$594 million) from 342 million last year.

Tata to hold onto Riversdale stake

India's Tata Steel , the world's No 7 steelmaker, will hold on to its stake in Africa-focused Riversdale Mining , its vice chairman said on Monday. "We will continue to hold on to our stake," B Muthuraman told reporters.

Geodex acquires Jake Lee property for rare earth potential

Geodex has acquired by staking the Jake Lee project covering approximately 3800 hectares located 80km south of Fredericton. Geodex will conduct an exploration program focused on the rare earth elements ("REE") potential with a secondary focus on gold and base metals based on the geology and supported by regional government sampling and assessment report data.

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