Europe Mining News

LBMA shines a light on the gold in London's vaults

This is the first time the London Bullion Market Association makes such data public.

Glencore acquires half of former Rio coal mine in Australia

The Anglo–Swiss multinational announced that it signed agreements with Yancoal Australia regarding the acquisition of a 49 per cent interest in Rio Tinto’s former coal assets in Australia's Hunter Valley

Alternative fuel system for Kiln Riser Duct firing at CRH Slovakia

In 2017 A TEC and CRH Slovakia have installed an alternative fuel system for kiln riser duct firing in Turna Nad Bodvou, Slovakia.

Fresnillo silver, gold output jump on San Julian ramp up, higher ores

For the three months to June 30, silver production totalled 14.5 million ounces, a 12% rise from last year, while gold output was 223,000 ounces, up 2.7% from a year earlier.

DMT explores subsoil in the Dead Sea

The world's 8th largest potash producer, the Jordanian firm Arab Potash Company Ltd., is engaging the services of the German engineering and exploration company DMT for a ground survey at the Dead Sea.

Caterpillar earnings beat estimates, shares hit five-year high

It now expects adjusted earnings per share to come in at $5, significantly higher than the $3.75 it had forecast just three months ago and almost doubled the $2.90 it had originally projected for the year.

Kumba resumes divvy thanks to stronger iron ore prices in first half

Shareholders hadn’t received dividends since 2015, when iron ore fell below $40 a tonne amid a global crash in commodity prices.

South Africa labour disputes weigh on Petra Diamonds results

Labour disputes earlier in the year caused delays in the building of a new plant in its Cullinan mine in South Africa.

World's top diamond miner Alrosa output up 14% in first half of 2017

The Aikhal division accounted for more than a third of the company’s total output in the period, having extracted 6.9-million carats of rough diamonds – a 26% year-on-year increase.

Luxembourg shoots for the stars with fresh space mining deal

The country's ultimate objective is to have its own space mining agency by the end of the year.

New African rare earth mine to start production by year-end

Gakara mine, which operated for 30 years until 1978, is expected to restart commercial production in the fourth quarter of the year.

US steel production falls back in June

After strong start to 2017, US steel output growth for the first six months slows to just 1.3%.

Centerra gets some breathing room in dispute with Kyrgyz Republic

The arbitrator has sided with miner, allowing it to move forward with the case against the Central Asian country.

The world’s largest diamond miner just found two massive rocks

Both rocks, said ALrosa, are believed to be gem-quality.

Rio Tinto axes iron ore export forecast for the year

It also revised down its expected share of hard coking coal for the year to between 7.2 to 7.8 million tonnes from 7.8 to 8.4 million tonnes.

World's second-largest diamond 'too big' to sell

Lucara Diamond’s Lesedi La Rona is said to face challenges other rock never do, including its multi-million-dollar price tag and a risky polishing process that can take months or years.

Luxembourg becomes first European country to pass space mining law

The bill, approved by a vast majority, defines the conditions companies must fulfill to get a licence for launching a space mining mission.

Saudi Ma'aden to develop Mansourah, Massarah gold mine- sources

Ma'aden operates six gold mines in the Central Arabian Gold Region, western Saudi Arabia which contains much of the Kingdom's gold rich ore deposits.

LME favourite to clear for new base metals platform NFEx -sources

NFEx says in talks with several clearing houses

Polyus grabs all of legendary Sukhoi Log gold deposit

First discovered in 1961, Sukhoi Log in eastern Russia holds 62.8 million ounces of gold.

Rio Tinto in search of the next Escondida mine in Chile

The so-called Palmani project aims to discover and characterize the mining potential of an area located in Chile's extreme north, at about at 2,100 metres of altitude.

Alrosa has sold $2.5 billion in diamonds so far this year

The world's largest diamond producer by output said market has refound its balance.

Eldorado finishes Integra Gold acquisition, expands operations in Canada

Deal gives Eldorado full ownership of the Lamaque project near Val-d'Or, Quebec, which is expected to produce 123,000 ounces of gold at all-in sustaining costs of US$634 per ounce over 10 years.

Mining jobs among the ones artificial intelligence will take over first

Using PwC research, UK-based digital marketing agency Aira worked with RS Components to reveal how many jobs per sector are at high risk of being taken by robots by 2030. Mining ones are among them.

Metso signs three new Life Cycle Services contracts with mining customers in Pacific Rim

During the first quarter of 2017, Metso signed three new long-term maintenance contracts with major mining companies in the Pacific Rim region.