Europe Mining News

Plan to mine the moon gives Australia opening in new space era

Australia is joining the growing number of nations looking to compete in space. Its advantage? Half the country already looks like Mars.

Alamos Gold sells royalty portfolio to Metalla for $8m

Alamos will sell a portfolio of 18 royalties to Metalla Royalty and Streaming for $8 million in Metalla shares. Following the transaction, Alamos will own 6.26% of Metalla.

Former Louis Dreyfus boss ousted after Glencore overture

Gonzalo Ramirez Martiarena, ex-CEO of Louis Dreyfus Company (LDC), was reportedly ousted after trying to start talks with Glencore Agriculture and other rivals.

Russia's Alrosa raises $11.8m in New York diamond sale

The world's biggest producer of rough diamonds in carat terms raised $11.8m in its first New York diamond auction this year.

Pure Gold eyes London listing this quarter

The Canadian company expects to start trading in London before the end of June, ahead of its transition to a producer from a developer.

Eldorado begins commercial production at its first Canadian mine

The Lamaque underground gold mine in Val d’Or, Quebec, is expected to produce up to 135,000 ounces of the precious metal a year in 2020 and 2021.

Researchers learn to produce borophene on a gold surface

Borophene is the atom-flat form of boron. The findings constitute a step toward practical applications like wearable or transparent electronics.

Told-you-so rout hammers palladium in worst week since 2016

The metal hit an all-time high on March 21 after a massive rally that spurred predictions a reversal was inevitable.

Russia is stocking up on gold as Putin ditches U.S. dollars

Within the span of a decade, the country quadrupled its bullion reserves, and 2018 marked the most ambitious year yet.

Polish looking for ‘Nazi Gold Train” finds another kind of treasure

Piotr Koper, who spent years hunting for the elusive train rumoured to be laden with gold and gems, has found two dozen priceless Renaissance portraits.

Europe aims to take its place on the global EV battery production stage

Europe has a dedicated €600 million stream of projects on raw materials. A lot of it is about innovation in the technologies used in mines.

Russia's Nornickel to spend $1.4B on two expansion projects

Nornickel aims to ramp up nickel output and tap an expected boom in demand from electric vehicle makers.

Johnson Matthey chooses Poland to produce new battery materials

Chemicals group Johnson Matthey has secured a site in Poland to produce battery materials and signed a 10-year supply deal with Canada's Nemaska Lithium.

Commodity traders say more needs to be done to promote women

Women account for less than 5% of senior management at top trading houses, Bloomberg reported last year, and companies are under pressure to improve gender parity.

ENRC sues U.K. fraud cops as corruption charges loom

The lawsuit is the latest escalation of a public battle between ENRC and the white-collar crime prosecutors that has been in and out of the courts since at least 2014.

Galantas to increase gold processing at its Northern Ireland mine

The miner is targeting production of 2,000 to 2,500 troy ounces of gold concentrate per month.

Bosnia's 300 MW power plant to go offline for 35-day overhaul on Mar. 25

The Stanari coal-fired power plant in Doboj is the first privately-funded power plant in the Western Balkans.

Bacanora Lithium extends footprint in Germany with new licence

The company has secured a second five-year exploration licence in the Erzgebirge (meaning Ore Mountain) region of Saxony, which completely encloses its Zinnwald project.

Medgold preps for 2019 drilling, re-interprets prospect at Tlamino

The company will drill 5,000 metres at its Tlamino gold project in southern Serbia.

Amnesty accuses electric vehicles makers of using unethically sourced minerals

The problem, says Amnesty, is that no country legally requires companies to publicly report on their cobalt supply chains.

Coal mining comes back to the UK with $218 million project

West Cumbria Mining plans to open the country’s first new deep coal mine is a step closer after councillors in the English county of Cumbria unanimously approved the project.

Zinc price builds on 2019 rally as stocks reach just 2 days consumption

Inventories are down 55% this year and are on course to reach levels last seen in 1990.

U.S. sanctions Venezuelan gold company for supporting Maduro

This is the sixth round of sanctions since January by the U.S., which is seeking to wrest power and the military’s loyalty away from Maduro.

Cyber attack hits operations at aluminum maker Norsk Hydro

The company couldn’t detail how much output had been impacted, but said the so-called potlines, which process molten aluminum and need to be kept running 24 hours a day, had switched to manual mode.

Antofagasta expects copper deficit of up to 300,000 tonnes this year

The Chilean miner expects demand to outstrip supply in 2019 as consumption growth remains positive, but production increases continue to be minimal.