Europe Mining News

IMF resumes lending to Chad following Glencore debt deal

The Central African oil producer reached an agreement in principle to restructure its more than $1 billion debt to Glencore and four banks.

Impact of electric cars in medium-term copper demand ‘overrated’, experts say

Increasing disposable income in emerging economies and the adoption of greener technologies, are the two factors to drive most of the expected increased demand in copper during the next five years.

Sharps Pixley sees 253% increase in gold sales as tensions run high

The high levels of gold sales was a record for the store which opened in January 2016 and was roughly double its previous best month.

Why diamond trading slowed down in March

Rapaport expects polished trading to continue slowing in the coming months.

Glencore to declare force majeure on some aluminium supply

Glencore Chief Executive Ivan Glasenberg resigned from his role as Rusal director on Tuesday

Mining industry must improve human rights, environment protection — index

The Responsible Mining Index, launched in Geneva on Wednesday, assesses the policies and practices of 30 large companies that produce 25 percent of mined commodities, from gold to copper and coal, operating in more than 40 countries.

Bundesbank pulls all stops to show Germans their gold is real

The subject of the country’s reserves became particularly heated during the years of the sovereign debt crisis.

Bahrain could host World Jewellery Confederation Congress

In 2017, the kingdom created DANAT, the Bahrain Institute for Pearls & Gemstones.

`Nervous' investors pile into gold ETFs as global tensions mount

Anxious investors from Germany to China are seeking shelter in gold ETFs.

Copper supply crunch earlier than predicted — experts

Copper production will peak in the second half of 2019, making a growing supply deficit much more real.

Iran to transfer yellowcake to uranium conversion facility

The uranium from which the yellowcake was derived was originally extracted from the Saghand mine.

Quellaveco copper mine in Peru could be reactivated

There are signs that the stalled $5 billion project could be reactivated.

Flawless white diamonds, among largest ever offered, to go on sale

Two flawless white diamonds each weighing in at more than 50 carats are expected to fetch more than $15 million when Sotheby's auctions them in May.

This historic blue diamond is expected to fetch up to $5.3 million

The Farnese Blue, passed down through European royalty, goes on sale for first time as part of a Sotheby’s auction to be held in Geneva, on May 15.

Valcambi refines gold from Minera Limata co-operative, a small-scale mine in Peru.

Valcambi, the Swiss gold refiner, announced today that it is entering into a long-term supply agreement with the Minera Limata Limitada mining co-operative Concession AFC 12 (LIMATA AFC 12), a small-scale mine near Puno, South Peru.

Koza Altin unit, GreenOre to expand drilling for gold in Scotland

Koza Altin is one of hundreds of companies seized by the Turkish authorities and is now managed by the Savings Deposit Insurance Fund.

De Beers, Botswana seek fresh expansion of world's richest diamond mine

Debswana, the joint venture between De Beers and the Botswana’s government, is seeking permission to deepen the Jwaneng mine to 830 meters.

Solar power drew $161 billion in 2017, more than any other technology

Solar made up 57% of last year's total for all renewables (excluding large hydro) of $279.8 billion. It also towered above new investment in coal and gas generation capacity, estimated at $103 billion.

World’s top miner BHP quits global coal group over climate stance

The miner is withdrawing from the World Coal Association over a clash of views on how to fight climate change, with BHP saying it’ll reap little benefit from staying on as a member.

Brazil state fines Anglo American $37.73 million over pipeline leak

The leak in the pipeline, which carries slurry to a port in Rio de Janeiro state, occurred on March 12 and forced the miner to suspend operations until March 27.

Vedanta, others can transport royalty-paid iron ore from Goa -Court

India's Supreme Court in February quashed all iron ore mining permits in the southwestern state of Goa, one of the top producing states for the steel making raw material.

Eldorado scores key win in row with Greece over projects

Ruling rejects the Greek State's motion that Eldorado's technical study for a metallurgy plant in the country’s Stratoni Valley, was in breach of any agreements between the parts.

British miner about to start pouring silver in Russia

Silver Bear's first silver production should be expected early in the second quarter of 2018.

Dormant Swedish mine comes alive in rush for car batteries

A Canadian company called Leading Edge Materials Corp. is preparing to revive operations.

Prairie Mining starts legal action against Poland's environment ministry

The news sent the miner's shares plunging 30 percent in London and 20 percent in Warsaw.