Europe Mining News

Pit firm in court over mine death

The firm which runs the pit where a miner died earlier this week will appear in court on Friday in relation to the death of another worker at the same colliery. Representatives from UK Coal will appear at Pontefract Magistrates' Court to answer

Copper plunges to 14-month low as Greek default fears continue to stalk markets

Fear that Germany may not pass a crucial vote to shore up the eurozone's rescue fund savaged commodities overnight, with copper falling to its lowest level in 14 months, and taking crude oil and grains down with it. The red metal — widely considered to be a bellwether of the global economy — lost 7% of its value and sustained the second largest drop since the recession of 2008, Melbourne Age reported:

Commodities, world stocks fall on euro crisis fears

Asian shares and commodities fell on Thursday on growing worries that Europe's intractable debt problems will plunge the world into a second global financial crisis.

Trader behind viral video is outed by the Telegraph

The Telegraph reported that Alessio Rastani, whose appearance on BBC went viral, is an independent trader of limited means. ". . . Mr Rastani works and lives with his partner Anita Eader in a £200,000 semi in Bexleyheath, south London. The house, complete with a mortgage from Royal Bank of Scotland, belongs to her not him," writes the Telegraph.

CDE targets washing market in Austria

CDE have announced the appointment of a new country manager for Austria as the company seeks to expand its coverage throughout Europe. Stefan Hunger joins CDE bringing with him significant experience in the construction materials markets in Europe, North Africa and Latin America.

Belgium's rough found fewer buyers in August

Even tough Belgium eased its rough diamond imports in August, imports still far exceeded demand, resulting in many of the goods remaining in the trading center in August.

Norilsk: May Sell Some Of Its Shares, Says Rusal May Dispute Buyback

MOSCOW -(Dow Jones)- Russian Polar miner OAO Norilsk Nickel (GMKN.RS) Wednesday said it may sell all or part of its treasury shares, representing in total a 9.23% stake in the company. Analysts said the shares may be sold to finance the buyback Norilsk

Yorkshire mine death man named

_ A miner who died when a roof collapsed in a pit was named by the mine owner today. Gerry Gibson, 49, died at Kellingley Colliery, North Yorkshire, yesterday when he was trapped with a colleague, who was rescued. UK Coal, which owns the pit, said Mr

Reality check: how dangerous is mining

Five miners have now been killed in coal mines in the past month raising concern about safety standards in pits. Polly Curtis examines how dangerous the modern coal industry is. Email your views to [email protected] or contact her on Twitter

Coal miner dies in North Yorkshire

A coal miner died on Tuesday while working at the Kellingley Colliery in Knottingley, North Yorkshire. A second colleague was trapped in the same incident and was trapped below the waist. He was rescued and brought to the surface. No names were released pending notification of kin.

Ukraine-based mineral sands operation orders Multotec spiral concentrators

Ukraine-based Velta LLC has placed an order with Multotec for the supply of NHM and SC20 spiral concentrators to process minerals from an operation in the Birzulovo ilmenite deposit in South Ukraine. Delivery is scheduled for the end of October 2011 and Multotec engineers, together with representatives from Multotec’s local distributor, DIN, will be deployed [...]

European central banks halt gold sales: World Gold Council

World Gold Council said European central bank sold 1.1 tonnes of gold during the year, the lowest annual sales since the Central Bank Gold Agreement began in September 1999. The current agreement permits signatories to sell 400 tonnes of gold collectively per annum. The council said that European signatories showed a similar unwillingness to sell gold in the prior year of the agreement, selling just 7.1 tonnes of the permitted 400 tonnes ceiling.

Two miners trapped at UK Coal's Kellingley colliery

LONDON, Sept 27 (Reuters) - Two miners were trapped underground in a mine operated by UK Coal in northern England and an operation was under way to rescue them, emergency services said on Tuesday. The men were stuck at the Kellingley colliery in

White Tiger Gold grants $10 million credit facility to Century Mining

White Tiger Gold, a Russian exploration company, granted a $10 million credit facility to Century Mining. The two companies will be combined at the end of the year. The funds will be used to help Century Mining expand. Century Mining has operating gold mines in Quebec and Peru.

200 tonnes of long gone silver set for high-seas salvage

The Scotsman reports a British cargo ship carrying silver worth £135 million has been located deep in the North Atlantic 70 years after it was sunk by a Nazi torpedo, paving the way for the largest ever haul of precious metal from the sea bed. Marine archaeologists from Odyssey Marine Exploration, a shipwreck salvage company based in Florida, found the SS Gairsoppa resting almost three miles beneath the surface of the Atlantic Ocean and in international waters about 300 miles off the coast of Ireland. 200 tonnes of silver stashed in its hold. Under a salvage agreement with the British government, Odyssey will be able to keep 80% of the cargo.

Polish company ZGH buys Montenegro lead and zinc mine

Polish company ZGH Boleslav purchased 51% of Gradir which operates lead and zinc mine Suplja Stijena in Pljevlja. ZGH invested so far around 25 million euro and additional 60 will be invested in the construction of smelting plant. With the new equipment,

Be Norwegian or Australian if you want a raise

Workers in Australia and Norway are getting pay raises, and they are getting paid for staying on the job, not greater productivity.

Empire Mining sampling returns significant copper-gold anomaly 1.8 km long and still open on strike

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 26, 2011) - Empire Mining Corporation (TSX VENTURE:EPC) ("Empire") is pleased to report that an ongoing sampling program at the newly-identified Southwest Zone of the Demirtepe wollastonite-hosted copper-gold-silver and molybdenum project in Turkey, has identified a continuous copper-gold anomalous zone currently about 1.8 km long and up to 800 metres wide and still open to the southwest. The new Southwest Zone is located approx. 1 km to the southwest of the Main Zone.

India, China and Russia will be driving uranium's future

Although its future is unclear, significant expansion of nuclear power capacity is projected to occur in non-OECD countries, especially China, India and Russia, according to the U.S. Energy Information Administration. The government agency released its International Energy Outlook 2011 last week. "China, Russia, and India account for the largest increment in world net installed nuclear power from 2008 to 2035: China adds 106 gigawatts of nuclear capacity over the period, Russia 28 gigawatts, and India 24 gigawatts."

Reuters: Russia's Uralkali plans new $2.5 bln potash mine

Reuters reports Russian potash miner Uralkali (URKAq.L) may launch a new 2.5 million tonne a year greenfield mine in 2018, which initial estimates show could cost $2.5 billion, the company's head of operations said on Thursday.

Many Kyrgyz fail to find a glittering future in gold

Two decades ago, Kyrgyzstan's president entered a parliament session brandishing what he felt was the key to the future -- a bar of gold that had come from one of the country's own mines.

British Telecom won't dig up its copper cables worth $77 billion, not yet anyway

British Telecom on Friday had to talk down the value of its 75 million miles of copper cables criss-crossing the United Kingdom after an analyst at investment bank Investec calculated that the scrap value of the copper is £50 billion ($77 billion) at today's prices – almost $50 billion more than BT's market cap.

London Metal Exchange could sell out

Bloomberg reports the London Metal Exchange which handles some 80% of global trade in industrial metals futures, told members it may get a takeover offer after multiple approaches from potential bidders. The 134-year-old exchange is owned by the trading houses and banks like Barclays and JP Morgan that trade on the market which keeps fees low. Despite talk of an $1.2 billion offer as far back as 2008, it is unclear how receptive they would be to selling out after a senior executive of the exchange told Reuters in March it had no plans to change its independent status despite increasing competition, particularly in Asia.

Ukraine-based mineral sands operation orders Multotec spiral concentrators

Ukraine-based Velta LLC has placed an order with Multotec for the supply of NHM and SC20 spiral concentrators to process minerals from an opencast operation in the Birzulovo ilmenite deposit in South Ukraine. Delivery is scheduled for the end of October

Copper, Nickel, Tin Slump on European Debt, Global Growth Risk

Sept. 23 (Bloomberg) -- Copper dropped to the lowest in more than a year while nickel and tin plunged as the deepening European debt crisis and threat of a U.S. recession spurred investor concerns that demand for raw materials will slow. Copper for