Europe Mining News

Pembridge grabs copper-gold-silver mine in Canada’s Yukon

With the acquisition of Capstone's Minto mine, Pembridge Resources is set to become a cash flow generating copper producer.

INFOGRAPHIC: The true costs of artisanal mining

Artisanal and Small-Scale Mining (ASM) has become a major of revenue for millions of people in about 80 countries worldwide, with more than 100 million people currently depending on the activity for their livelihoods. But at what costs?

Fura Gems to restart Colombia’s iconic Coscuez emerald mine in April

New gemstones mining and marketing company is stepping up efforts to kick off operations at some of its key assets and help organize what it calls "a highly disorganized and fragmented industry."

Mugabe's fall has veteran miners jockeying for Zimbabwe comeback

Mine development stalled under Mugabe, whose policies led to a collapse in the economy and hyperinflation.

Gemfields reveals and denies fresh human rights abuse claims in Mozambique

As part of Gemfields' philosophy of “total transparency”, the company revealed is facing claims of human rights abuses in Mozambique, where it mines rubies.

BHP takes $1.8 billion hit from US tax reform

Charge is due to due to cuts in the US Federal corporate income tax rate, the world’s biggest mining company said.

Soaring cobalt prices force Samsung SDI to mine metal from old phones

The firm is also trying to halve use of cobalt in batteries from around 20% by raising the proportion of nickel, and it will start researching on development of nearly cobalt-free batteries.

Suncor Energy hikes stake in Syncrude in $730 million deal

Canada's largest energy producer also buys into Norwegian Sea oil project.

In Iceland, more energy will be used for bitcoin mining than powering homes

Mining bitcoins requires a great deal of computing power which in turn needs a lot of electricity to solve the computational puzzles that reward miners with cryptocurrency. 

Ten-year yields point to higher commodities: Shelley Goldberg

The correlation between commodity price and the 10-year has been strong over time, for a number of reasons.

LME says likely to make fee cuts permanent after volumes rise

The LME cut fees on short-dated carries in October and on medium-dated carries in November in a bid to revive volumes.

Canada's Thor Explorations may raise up to $35m in a London listing

Thor, which is already listed in Toronto's TSX Venture Exchange, will use the proceeds of the new listing mainly to fund its Segilola Gold Project.

BMW mining deals imminent as cobalt price powers on – report

"The aim is to secure the supply all the way down to the level of the mine, for 10 years."

Embattled Avocet completes sale of Burkina Faso assets

The three-times delayed $5 million-deal should help the miner dodge bankruptcy for its units in the West African country.

Gold price: Value of ETF bullion tops $100 billion for first time in 5 years

New report shows money continues to pour into gold-backed exchange traded funds with North American investors responsible for 75% of January inflows.

Two more directors leave Goldman after trading slump

This leave added to a string of departures by key commodities traders after the Wall Street firm reported a sharp drop in 2017 trading revenue.

Vedanta hit by iron ore mining halt in Goa

Company's shares fell as much as 5.5% on the news that the Indian Supreme Court had cancelled all the 88 existing iron ore mining licences in the Indian coastal state of Goa.

Sotheby’s expects over $33 million for world's largest, rarest, flawless round diamond

The 102.34-carat white diamond is thought to be worth considerably more than previous auction records for similar pieces.

Rio Tinto pays biggest divvy in history as profit hits three-year high

Mining giant posts 90% increase in profit amid what CEO Jean-Sébastien Jacques calls “resilient” commodity prices.

Russia's Nornickel to grow platinum group metals mining in new JV

The world's leading palladium producer is planning a joint venture with Russian Platinum.

Gold price: 9 straight years of record annual mine production

New report shows world's mines produced all-time peak of 105 million troy ounces of gold in 2017 despite 9% drop in output in top producer China.

Sandvik invests $25 million to boost use of metal 3D printing

3D printing, also known as additive manufacturing, is a process of making three-dimensional solid objects from a digital file and Sandvik wants to use it for scale production.

Summing up 5 key predictions for global markets in 2018

The following graphic discusses key themes of the year such as central bank policy, European unity, China, cryptocurrencies, and emerging markets.

Anglo takes down South Africa sale sign and may even buy

Anglo raised the possibility it could start buying assets in SA, the latest sign of how much has changed in two years, when the miner was focused on selling.

Bluejay Mining seeks pigment riches as Greenland's ice retreats

The company aims to achieve output of the world's highest grade deposit of ilmenite in Greenland next year, its CEO said.