Europe Mining News

Zimbabwe, Russia sign $4B platinum mine deal

The mine would be built on one of the largest platinum mining concessions in the country.

Smart money is piling into oil

Oil prices jumped to five-month highs this week, pushed higher by a bullish cocktail of supply outages, geopolitical unrest and a sputtering shale sector.

Copper producer KGHM may freeze more mines in Canada, US – CEO

KGHM's foreign assets have struggled with rising costs, falling copper prices, technical problems and higher-than-expected capital spending.

Nearly 2,000 Zambian villagers can sue Vedanta in England – Supreme Court

The latest ruling raises the prospect that other companies could face legal action in England related to their activities abroad.

Indonesia battery-grade nickel plant awaits environmental nod

Indonesia's first plant to produce battery-grade nickel is on track to start operations by 2020, though the project still needs an environmental permit that could take up to eight months.

$6 billion private capital ready to invest in mining

Fundraising by unlisted funds for investment in natural resource reached a record $93 billion last year.

Norway wealth fund to tighten coal ban, add green infrastructure

The government proposes to expand its coal ban by adding absolute caps on production of thermal coal, or its use in power generation, which would target big companies.

World Diamond Council advocates for Africa's artisanal diamond miners at international forum

The WDC believes that initiatives such as the peace process in the Central African Republic boost fairness in the artisanal mining sector.

Alacer releases updated PFS for Turkey project

The PFS outlines a mine life of 11 years and total recovered metals of 345,000 ounces of gold, 8 million ounces of silver, 254 million pounds of copper and 626 million pounds of zinc.

How countries are getting tougher with mining companies

A mix of political populism, higher commodity prices and the expectation electrification will spur demand for raw materials has led governments to change the rules for miners operating in their countries.

Arctic Star looks for kimberlite at Timantti project

The company has already located three diamondiferous bodies – White, Black and Grey Wolf – and three kimberlite dykes.

Tesla boom lifts Norway's electric car sales to record market share

Almost 60% of all new cars sold in Norway in March were fully electric, a global record as the country seeks to end fossil-fueled vehicles sales by 2025.

Controlling shareholder of Russia's Polyus selling a 3.5% stake via ABB

The controlling shareholder is Polyus Gold International Ltd (PGIL), owned by Said Kerimov, son of Russian tycoon Suleiman Kerimov.

Jewelers must disclose whether diamonds are mined or synthetic — FTC

The Diamond Producers Association, which represents mining companies like De Beers, Rio Tinto and Alrosa, welcomed the FTC insistence that companies distinguish between diamonds that are mined and those that are made in laboratories.

Eldorado Gold announces resumption of crushing and stacking at Kisladag

Further testwork is underway, the results of which are expected to be available in late 2019 or early 2020.

Diamond trading on the open exchange moves closer

The U.K.’s financial regulator has authorized U2 Diamond Prices Ltd. as a benchmark administrator, joining firms such as FTSE International Ltd. and ICE Benchmark Administration Ltd.

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.