Europe Mining News

Prince Harry gives “invaluable” diamond ring to his fiancé

The jewel was designed by the Prince himself.

Energy consumption vs. energy production – how does your country compare?

An infographic showing the countries supplying the most energy and those who are hungry for it. The results may surprise you...

Volkswagen's talks with cobalt producers end without deal

Meetings last week between major cobalt producers including mining giant Glencore to supply world’s largest automaker Volkswagen ended without a deal.

Canada's Dalradian plans to dig deep for Northern Irish gold

Dalradian acquired mineral rights in 2009 to more than 80,000 hectares of land in Northern Ireland, including the Curraghinalt gold deposit.

Investors force Rio Tinto to ditch plans to have Mick Davis as chairman

Decision comes in the wake of a full-scale investor revolt led by the Investor Forum, a London-based body representing some of the world’s biggest money managers.

Clothes not coal incinerated by Swedish power plant

The fortunes of a lagging coal industry were not helped by the actions of a Swedish power plant last week.

New plant in the UK aims to transform biomass into ‘coal’

This would be the first complex of its type in the country.

European investors to fund $53-million bio-coal plant

Baltania OÜ wants to supply clean energy to utility companies in Nordic countries and Central Europe.

Australia's ANZ resigns membership of London Metal Exchange

The LME said in a notice to users that the resignation would be effective at the close of business on Nov. 24.

Legal kerfuffle in Spain around uranium mine environmental assessment

Spain's National Audience dismissed a series of allegations presented by Berkeley Energia against a legal action filed by a group of environmentalists who oppose the company's uranium project.

Gem Diamonds finds seventh largest rock this year at Lesotho mine

It's a high quality 202-carat, D colour type IIa rock found at Letšeng mine, the world’s highest dollar per carat kimberlite diamond operation.

These doomsday preppers are starting to switch from gold to bitcoin

Doomsday preppers in North America bet on bitcoin; cryptocurrency is starting to impinge on gold's appeal.

London Metal Exchange outlines waivers to new OTC fee

A consultation with users on the fee will start on Nov. 22 and end on Jan. 12 with a view to beginning charges from April 3, the LME said in a statement.

LME launches probe on cobalt suppliers over fears of child exploitation

The LME has sent a directive to all suppliers asking them to detail how they guarantee “responsible sourcing” of the commodities they trade in the exchange.

Massive drilling campaign underway at legendary Russian gold deposit

Polyus starts 180,000m drilling campaign to update mineral reserve as early as July for 58 million ounce Sukhoi Log deposit explored since 1960s.

Plans underway for world's biggest offshore diamond mining vessel

Debmarine Namibia, a 50/50 joint venture between the country and De Beers Group, tis planning for the construction of the world’s largest custom-built diamond mining vessel.

'Explorer of the Year' recipient convincingly updates resource in a booming zinc market

The Critical Investor profiles a company exploring a high-grade zinc property, and explains why he believes the upcoming PEA could surprise markets.

Brazil's Vale denies postponing sale of New Caledonia mine stake

Brazil's Vale SA denied that it had decided to postpone the sale of a stake in the New Caledonia nickel mine, saying it is continuing to look for a partner.

Top Glencore executive quits Katanga board after accounting lapse

Katanga, which operates cobalt and copper mines in the DRC, said Aristotelis Mistakidis, Liam Gallagher and Tim Henderson had tendered their resignations.

Anglo to halt Minas Rio in Brazil if expansion licence delayed further

The company said if long-delayed permit for its massive iron ore mine is not issued next month as expected, it would have to shut it by Sep. 2018.

French researchers unearth largest stash of Medieval silver coins ever found

They are puzzled by the finding of 21 Islamic gold dinars at an abbey in eastern France.

Vale delays sale of stake in New Caledonia nickel mine

The sale may be delayed for up to a year, a setback to efforts by the world’s largest iron ore producer to offload non-core assets.

Hedge fund bet on Glencore backfires with $100m loss

London hedge fund giant Lansdowne Partners lost a long-term bet against Glencore this year after the spectacular recovery of the miner took some by surprise.

Cobalt hedging not mining the route for VW in EV drive, official says

"Hedging by means of long-term (supplier) contracts is [] way to control such new issues (of securing materials supplies)," says VW head of sustainability.

Canada says coal not coming back, US and Germany differ

Nearly 20 countries have joined a British-Canadian initiative to phase out coal from power generation before 2030.