One of the production lines at Rio Tinto Alcan's Lynemouth aluminium smelter was knocked off line by a power cut, while production was partially curtailed at the other.
Europe Mining News
Metallurgical specialist technology company Outotec has been awarded a tailings treatment package for the old Svappavaara iron ore mine in northern Sweden.
According to a letter from UBS's investment chief, as the world enters 2012 neither the yellow metal nor the currency will provide investors with safe harbour.
At a news conference in early November, Overheard reports that Vladimir Putin became quite critical of hydraulic fracturing claiming that the practice causes too much damage to the environment.
The French bank has announced plans to stop trading commodities and cut down on commodities trade financing as it struggles to cope with a credit crunch.
Poland's finance ministry says it does not plan to alter its proposed mining tax aimed mainly at state-controlled copper miner KGHM, whose shares are at their lowest since August 2010.
Spot gold prices rose on Thursday after a sharp fall in the previous session but intensifying worries about the euro zone are keeping investors on edge
"You get filthy and my nails have never been any good but I absolutely love being a miner." Stuart Foweather started at Cadeby Colliery in Doncaster in 1978 as a 16-year-old apprentice.
In response to growing unease over supply of critical metals for high-tech manufacturing and green technologies, the British Geological Survey (BGS) and the University of Exeter have agreed to join forces in a new initiative to improve research capability in this vital area. The ‘Critical Metals Alliance' agreement signed on December 13, 2011 consolidates long-term links between the British Geological Survey and the University of Exeter/Camborne School of Mines (CSM).
Bridon International has invested £30m in a Tyneside factory that will produce multi-strand ropes in gross package weights of up to 650 t - which according to Bridon will make them by far the largest and most complex in the world. The facility will enable Bridon to offer unrivalled strength, safety and durability in mining applications such as dragline hoist and drag ropes and electric mining shovel ropes on the surface and deep mine hoists for underground mine shafts.
Precious metals took a beating in the markets on Monday, with gold and silver falling in inverse relation to a 1% rise in the US dollar. Gold for February delivery crashed $52.60 to $1664.20 an ounce at Comex in New York. Silver sunk $1.20 to $31.05/oz.
Lundin Mining (TSE:LUN) said Monday that higher grades of ore and a ramp up of production is expected to boost zinc and copper production in 2013 and 2014.
Reuters reported that Mr Vladimir Putin PM of Russia facing a wave of voter outrage as he prepares a bid to return to the Kremlin intervened to prevent an archaic 67 year old aluminum smelter with 3,500 workers from closure. Mr Putin was informed at a...
Gold rebounded from the biggest decline in more than two weeks as European leaders worked to agree on a plan to save the euro and defuse the debt crisis.
The owner of what was once Nunavut’s first and only diamond mine, Shear Diamonds Ltd., on Dec. 8 struck a deal with a Belgian diamond dealer that will give Shear the cash it needs to recover and sell diamonds from the mothballed site’s existing stockpiles.
UBS believes that if three criteria are filled over the coming months, Europe could well see quantitative easing and that would be very good for gold.
The gold price climbed on Friday, but the uncertainty around the euro zone's ability to resolve the two-year-old debt crisis remains a concern in the market.
Gold fell on Thursday after the head of the European Central Bank played down expectations that the central bank would dramatically increase the measures it is using to fight the debt crisis, thereby undermining the euro.
There may be a precedent for the situation in which the Eurozone finds itself. Across the Atlantic, the United States of America once faced a similar challenge.
European Goldfields Ltd. (EGU) shares were halted on the Toronto Stock Exchange after a report the developer of mines in Greece has been approached about a takeover by Eldorado Gold Corp. (ELD).
Gold prices fell a second day as the prospect of credit downgrades created more pressure for European leaders to agree on a plan to solve the region’s financial crisis.
Quadra FNX Mining (TSE:QUX) is up a whopping 39% today on news of a multi-billion-dollar takeout bid. The Canadian base metals producer with offices in Toronto and Vancouver said it has agreed to have all its outstanding shares and warrants acquired by KGHM Polska Miedź S.A. (KGHM) for $3.5 billion. Quadra FNX has operating mines in Ontario, Arizona, Nevada and Chile, where the company is also developing the Sierra Gorda copper-molybdenum mine. The project is a joint venture between Quadra FNX and Japanese metals producer Sumitomo Mining.
Gold is still the king of commodities when it comes its role as a diversifier and foundation asset in the portfolios of euro-based investors, says the new report "Gold as a strategic asset for European investors," commissioned by The World Gold Council (WGC).
Broker Fairfax has concluded Anglo Asian Mining?s gold and copper mine at Gedabek in Azerbaijan may be significantly larger than first thought after a visit last week.
Lonmin joined AngloPlat and Implats, this week signing a far-reaching two year wage pact ensuring a steady supply from Southern Africa where 75% of platinum is produced. The price of platinum has crashed from $1,915/oz in August as PGMs come under pressure due to sagging demand from the automobile sector which is slashing use of the precious metals to cut costs. And miners reducing supply to up prices is unlikely say analysts.