Europe Mining News

Tanzania names latest mining minister in ongoing industry clash

A prolonged spat between the government and gold producer Acacia over a $190 billion tax bill has severely limited the company's operations in the East African nation.

Palladium smashes another record with premium over platinum

Shortages of the metal used in autocatalysts for gasoline-fueled vehicles sent its price to yet another all-time high.

Gold-backed ETFs gained globally in 2018, even with North America outflows

In December alone, gold-backed ETFs globally rose 3 percent, adding 76 tonnes worth $3.1 billion.

Lucara Diamond to focus on Bostwana mine this year

Lucara aims to recover between 300,000 and 330,000 carats from Karowe this year.

Atlas Copco buys German pump distributor

IPV is based in Dresden, and reported revenues of about 5.7 million in 2017.

Top 3 reasons to avoid running project cost estimates in-house

There are real costs associated with conducting project cost estimates in-house.

Hedge-fund bear Odey said to gain 53% in a bleak year for rivals

Hedge-fund contrarian Crispin Odey’s bearish bets finally paid off as the stock-market selloff he had long predicted kicked in.

Metso offloads grinding media business to Moly-Cop

Transaction includes the sale of Metso Spain Holding, S.L.U, including operations in Bilbao and Seville, Spain.

Centamin reshuffles board amid production hitches at Sukari mine

Josef El-Raghy had moved from executive chairman to chairman, as the search for a successor continues.

Firefox Gold goes public, identifies new targets in Finland

The Newly public Finland gold explorer recently identified five new gold targets on its Jeesio gold project.

New Year's resolutions for miners: SEC updates disclosure requirements

Companies should start preparing for when the rules come into effect.

LME confirms it will end suspension on Rusal metal if sanctions lifted

The LME proposed removing its block on Rusal metal on Dec. 19, after the U.S. Treasury's Office of Foreign Assets Control (OFAC) struck a deal with Rusal to sever the Russian oligarch's control over them. top 10 most read in 2018

The attention of the mining industry has shifted.

Mining titan and philanthropist Peter Munk’s lifetime of achievement

The iconic entrepreneur and founder of gold mining giant Barrick Gold has donated $300 million to institutions in Canada.

With turmoil rampant, gold targets $1,300 as gloomy 2019 beckons

Gold is closing out 2018 with a flourish.

Rusal appoints independent director as new board chairman

Jean-Pierre Thomas was elected by the board as chairman with effect from Jan 1.

Human activity creates 208 new mineral species

Study shows mining has sparked "unparalleled inorganic compound diversification" like rabbittite at Lucky Strike, Utah and a handful found on smelter walls

Japan's Sumitomo Metal sees global nickel deficit nearly halving in 2019

Global demand for nickel is seen increasing by 3.4 percent in 2019 from this year to 2.339 million tonnes.

London's streets no longer paved with gold as miners struggle

Reports that AngloGold Ashanti Ltd. is considering a London listing provides some festive cheer to a city that’s lost its way as a home for gold miners.

Worst Czech coal mine blast in decades kills 12 Poles, one Czech

The accident is the worst mining disaster in the Czech Republic since 1990, when 30 miners died in a fire at a mine near Karvina in the same region.

Finnish Zyfra was listed among TOP-50 IoT aquisition deals of 2018 together with Google, Amazon and Blackberry

Our view is that there’s a tremendous opportunity for disruption in Industrial IoT and applied AI space - Ilkka Saarinen, Sales Director of Nordic markets at ZYFRA Group.

The year that politics broke the metals cycle: Andy Home

In a world where the Trump Administration is leading a return to economic and resource nationalism, it’s hard to see how global metals can break free of global politics.

Five themes to watch for European miners after humbling year

It all started so well in 2018.

AngloGold is said to weigh London listing, South Africa exit

Listing in London would give AngloGold exposure to a big pool of investors with very few options to buy into gold equities.

Scotgold ready to break rock at Scotland's first commercial gold mine

Cononish underground gold-silver mine is expected to produce 23,500 ounces of the precious yellow metal annually for up to 17 years.