Europe Mining News

Alrosa brings coloured diamonds to Hong Kong in effort to conquer China

As part of its plans to expand into that market, Alrosa will hold its first “True Colour” auction of coloured polished diamonds, during the Hong Kong Gem & Jewellery Fair taking place this month.

Orion’s $407m takeover bid for Dalradian Okd

Deal gives Orion mine access to mineral rights for more than 80,000 hectares of land in Northern Ireland, which includes one of the world's top ten undeveloped gold deposits by grade.

Construction starts at biggest undeveloped copper deposit in Russia

With total reserves of around 26.7 million tonnes of copper, Udokan is the largest undeveloped copper deposit in Russia and one of the biggest in the world.

Some warehouse firms want LME to change delivery rules, lengthen queues

Now, some warehouse firms are pushing the idea of replacing all rules with one that obliges warehouses to load out 1.5 percent of total stocks per day.

Chaarat Gold ups Kyrgyz Republic project resource by 46 pct

The Central Asia-focused explorer and developer said Tulkubash’s measured and indicated resource is now over 1.4 million ounces of gold, while the grade also rose 57% to 1.35g/t gold.

De Beers will allow buyers to reject cheap diamonds

This is a rare move by De Beers, which is famous for requiring buyers to take what’s offered.

Dyson moves ahead on $2.6 billion e-car plan with test track

Dyson Ltd., best known for its vacuum cleaners and hand dryers, is charging ahead with a 2-billion-pound effort to start building electric cars.

Dalradian shareholders back Orion Mine’s $230m takeover bid

The Toronto-based miner, which is developing a large untapped gold deposit in a remote part of Northern Ireland, will seek final approval of the transaction by the Ontario Superior Court of Justice early next week, with the deal expected to close on or about Sep.7, 2018.

China’s Zijin wins race for Serbia’s largest copper mine

RTB Bor copper mining and smelting complex was crucial for the country before the collapse of communist Yugoslavia. However, it later became a burden on the country’s struggling economy because of malpractices and international sanctions.

Special Report: The platinum opportunity – part 1

Over the past six months, platinum’s price has continued its multi-year decline, falling below $800 – close to its lowest level in a decade.

Canadian cobalt company says thieves stole 76 tonne hoard

Cobalt 27 stockpile worth $5 million stolen from Rotterdam warehouse.

Why battery miners are swarming Europe’s biggest rock collection

Being home to Europe’s biggest rock collection has finally come in handy for Sweden

Old coal mines in Glasgow to host geothermal research lab

Can old coal mines generate harnessable low-carbon heat for domestic use?

Chinese, Russian-owned companies place binding bids for Serbian copper mine

In July, Belgrade invited bids for a partner to invest at least $350 million in debt-laden RTB Bor but did not say how big a stake it would offer in return.

Russia may buy aluminium for state stocks to support Rusal -minister

Russia has a plan to support world No.2 aluminium producer Rusal against U.S. sanctions put in place in April.

China exporting alumina again as soaring prices upend market

Contracts to export over 140,000 tonnes of alumina from China were signed in July amid a favourable price arbitrage.

Chaarat Gold to buy polymetallic project as part of acquisition spree

Junior continues to pursue $800-million acquisition of Centerra Gold's Kumtor mine in Kyrgyzstan.

KGHM to go ahead with $2bn expansion of Sierra Gorda copper mine in Chile

Expansion and upgrades would extend the mine’s life by 21 years.

Scottish firm to launch UK's first asteroid mining mission

The company, which unveiled its development plans for the Asteroid Prospecting Satellite One (APS-1) last month, is hoping to raise £2.3million.

Fueling a town with waste

In Benin, six tonnes of organic waste are turned into biogas every week.

The secret to safer oil & gas pipelines: graphene

Only in the US, corrosion costs the oil and gas industry $1.4 billion a year.

Kremlin aide wants top firms to invest more rather than pay windfall tax

Kremlin aide Andrei Belousov said on Friday he would like major Russian firms to invest in social projects rather than pay higher taxes.

World's first autonomous and electric container vessel to launch in early 2020

About half the cost of the ship will be paid for by the Norwegian government.

Centerra, Kyrgyz Gov’t delay completion of deal over Kumtor mine

Extension of the deadline, the fifth one so far this year, seeks reaching final agreement that would end long-running dispute over the country’s largest gold mine.

Chinese, Canadian-Finnish, Cypriot firms bid for Serbia copper mine

China's Zijin Mining, Canadian-Finnish fund Champion and Cyprus-based U Gold have bid for a strategic partnership in RTB Bor, Serbia's only copper mine and smelter.