Europe Mining News

Australia takes over Chile as world’s No.1 lithium producer

It produced 4,600 tonnes of lithium more than Chile in 2017 boosted mainly by record output at Mt Cattlin and Mt Marion mines.

Kinross going ahead with expansion of Alaska gold mine

Project is expected to extend Fort Knox mine life to 2030 and generate 17% internal rate of return (IRR) at a low capital cost.

Alelion electrifies heavy vehicle manufacturer KAMAG with move into new segment

Alelion has proven expertise in delivery as well as a reputation for industry leading innovation in the growing field of sustainable lithium-ion battery technologies. As part of a joint development project, Alelion will deliver a first batch of batteries in 2018. The remainder of the order, valued at approximately MSEK 15, will be delivered during 2019.

China boasts world’s highest sales volume of electric vehicles

China now has the fastest development of EVs in the global market.

Resolute’s Syama gold mine in Mali to be fully automated

The fully automated underground section of the mine is scheduled for commissioning in late 2018.

Thousands protest against uranium mine in Spain

The activists protested against the Salamanca project, Berkeley Energia’s flagship mine located on the Retortillo-Santidad uranium deposit.

Scientists develop technique to reduce cost, environmental impact of mining precious metal

Researchers at the University of Notre Dame invented a new class of molecules whose shape and size enable them to capture and contain precious metal ions.

Billionaire schools teacher in NAFTA talks

How did we get here and what does this ratcheted-up trade war mean for Canada, the United States and investors?

Northvolt begins building Europe’s largest lithium-ion battery plant

The battery cell maker is working on the first section of the factory, in Skellefteå in the north of Sweden, which will be completed in 2020 and produce eight gigawatt cell capacity per year.

Glencore faces third Congo legal challenge this year

Congolese-American businessman and convicted fraudster Charles Brown claims he's owed $1 billion in compensation for a 19% stake he previously held in Mutanda Mining, and which Glencore allegedly sold in two fraudulent transactions, in 2007 and 2012.

Russia's Polyus big step closer to building world's largest new gold mine

Moscow company's update on Sukhoi Log project envisages annual production of 1.6 million ounces for 35 years at less than $500 per ounce.

Scotiabank to scrap half its metals business- sources

ScotiaMocatta is curtailing lending to the physical metals supply chain and would refocus on major corporate clients.

Rio Tinto signs JV exploration deal with China’s Minmetals

The companies are committed to explore for mineral deposits first in the Asian country and then the rest of the world .

ALROSA enters the Top-5 of sustainability rating «Polar Index»

"Polar Index" became the first specialized rating of companies whose geography of activities affects the Arctic zone of Russia. The results of the first rating were presented in the Public Chamber of the Russian Federation on World Environment Day held on June 5.

Congo mining regulations to be signed into law on Friday — mines minister

Congo's prime minister wants to immediately implement the new mining code without any concessions to industry demands that key provisions be amended.

Gold price: Investors are pouring $1 billion per month into ETFs

Net inflows into gold-backed exchange traded funds rose again in May, lifting value of private bullion to $103 billion, highest since 2013.

Results of Gabriel's lawsuit against Romania may be known late 2019

Company is seeking $4.4 billion in compensation for alleged losses related to its Rosia Montana gold and silver project, which Bucharest halted following relentless protests.

Angola eases controls over diamond sector, to double output in four years

President Joao Lourenço said changes aim at attracting more investment, increasing production and securing higher government revenue.

US lawmakers set bill seeking to control Trump on tariffs – key lawmaker

Some Republican lawmakers warn that Trump could trigger a trade war that would destabilize the economy and ultimately hurt American workers.

German battery maker Akasol plans Frankfurt listing in June

The company is planning to sell new shares worth about 100-125 million euros ($117-$147 mln) in a deal valuing it at about 400-500 million euros.

About 75,000 jobs to go in Germany’s auto industry because of EVs — study

The country's car industry currently employs about 840,000 people, with 210,000 of them working on powertrain production, the sub-sector set to be the worst hit.

US aluminium tariffs; collateral damage and a missed target: Andy Home

Aluminium in particular shows why tariffs are such a poor trade weapon.

Trump tell allies to fix trade after US tariffs strike

Trump's tariffs on Washington's closest allies also drew condemnation at home from Republican lawmakers and the country's main business lobbying group.

FLUID OUNCES: Gold vs beer price since 1950

99 bottles of beer on the wall...

US allies hit back at Washington's steel, aluminum tariffs

The US on Thursday said it will impose tariffs on aluminum and steel imports from Canada, Mexico and the EU, reigniting fears of a global trade war.