Europe Mining News

Vault building booms as gold lures investors in turbulent world

Pickup in inflation across Europe increases demand for storage

Anglo American appoints takeovers expert as new chairman

Stuart Chambers, 61 and former chairman of UK chip designer Arm, will join Anglo as a non-executive director in September, replacing Parker in November.

The problem with our maps

Maps shape our understanding of the world – and in an increasingly interconnected and global economy, this geographic knowledge is more important than ever.

Russia's Polyus selling $700 million stake in Moscow, London

Russia’s biggest gold producer plans to sell 7% equity stake

IIDGR unveils industry-first synthetic screening device for testing multiple stones in set jewellery

The International Institute of Diamond Grading & Research (IIDGR), a De Beers Group company, today unveiled SYNTHdetect – the first synthetic screening device in the industry to test multiple stones in set jewellery at once without the need for a probe.

66-year chart of beer vs gold price may lead to (heavy) drinking

New report says don't wait 'til Octoberfest to pour money into gold market.

Top diamond miner's 36-year-old chief to prove himself with cuts

Son of Putin ally to focus on reduced costs in new role as CEO

Metso, Rockwell Automation to create new industry-leading industrial IoT solutions for mining

Metso has selected Rockwell Automation to deliver a global industrial Internet of Things (IoT) platform that connects, monitors, and performs analytics for Metso's equipment and services, resulting in improved efficiency and profitability for its mining and aggregates customers.

Gemfields steps up fight against takeover by largest investor

Company called Pallinghurst Resources' bid “derisory”, adding it "clearly undervalues" the firm.

Inatech increases its presence in the Middle East by signing up Alchemist Trading

Saudi-owned Alchemist, with offices in Dubai, has implemented Inatech’s Techoil platform to control risks and increase efficiency within its oil trading business.

Russian scientists develop new process to determine coal quality

Scientists from the National University of Science and Technology MISIS (NUST MISIS) have studied and described the processes taking place in coal being extracted from mines.

Even with iron ore prices diving, NASA fast tracks mission to $10,000 quadrillion asteroid

If NASA is successful in its mission to 16 Psyche, one of the most massive asteroids found between the orbits of Mars and Jupiter, humans will have a first ever chance of exploring a world made of iron, not rock or ice.

From Yukon to Patagonia, gold explorers stir after sleep

Outbreaks of gold-rush fever are popping up as bullion markets stage a tentative recovery.

Swedish miner begins massive relocation of whole city

While some residents of Kiruna have moved already, the first of the town’s historic buildings has just been hoisted up on a truck and transported to its new location.

De Beers’ Forevermark brand inscribes its 2 millionth diamond

The a 3.48 carat round brilliant, mined, cut and polished in Namibia, that now bears a ‘2,000,000’ imprinting.

ALROSA to participate in the development of the largest deposit in Angola

PJSC ALROSA, the world leader in diamond mining, will participate in the development of a new diamond deposit in Angola.

Low copper prices force Codelco to revise underground expansion of Chuquicamata

Modifications seek to simplify aspects of the project originally approved in 2010 in order to optimize mineral handling.

Report blasts Antofagasta’s Minera Los Pelambres

Two days before Antofgasta's annual general meeting in London, an 18-pages long report by the London Mining Network slams Los Pelambres' environmental record.

Diamond ring bought for £10 now worth thousands

The owner had no idea if the ring had any intrinsic value at all.

Rio Tinto launches new debt reduction programme

The company said that today’s announcement is part of its ongoing capital management plan.

BSGR may have to pay $1.2bn for no show at Simandou-related hearing

The company, which could lose the arbitration as a result, will have to pay the amount to former partner Vale.

Heart-shaped diamond breaks record

The 92-carat diamond forms the centerpiece of a necklace of cultured pearls.

De Beers taps into polished diamonds market with first-time auction

The pilot auction, scheduled for June 29, will include a wide range of polished stones manufactured directly from the company’s own rough diamonds.

First Quantum to kick off massive $5.48bn copper mine in Panama in just months

Cobre Panama project is now 50% complete and on track to produce 320,000 tonnes of copper in 2019, making the company one of the world’s top six producers of the red metal.

AMC Consultants wants miners to learn about uncertainty

According to AMC, cumulate uncertainty, particularly when it comes to resource estimation, creates serious risks for mining projects.