Europe Mining News

BP buys Britain’s largest electric vehicle charging company

BP Plc plans to acquire the U.K.’s largest electric vehicle charging company, the latest in a string of acquisitions by major oil companies in the growing market for greener transport.

Zinc's horror run continues on rising supply, trade-war angst

Zinc continued to slide after entering a bear market amid concern about increased supply and declining demand.

New world standard for sustainable mining

The mine of the future is carbon-dioxide-free, digitized and autonomous.

Why Russia and Turkey are such gold bugs

Russia has cut its holdings of U.S. foreign debt by more than half. Instead, it’s been increasing its gold shares in its international reserves.

Italy delays handover of Ilva steelworks to ArcelorMittal

Italy's new government has postponed its handover of the heavily polluting Ilva steel plant to ArcelorMittal by two and a half months to Sept.

De Beers just sold 34 million rough diamonds more than last year

The $575-million figure represents a 6% increase from the $541m obtained in the same period last year and 3.7% higher than the $554m it sold last month.

Lithium demand from battery makers to almost double by 2027

Strong demand growth will be largely focused on high-grade lithium, according to research firm Roskill.

Galantas Gold jumps after hitting main vein at Irish mine expansion

It means the company can now begin limited production, with increased feed to the mill expected in a couple of months.

Class action to be launched over casuals in Australia’s coal mining

BHP says it has not received any formal communication regarding the legal actions.

Germans rally against the country’s reliance on coal

According to WWF, Germany's CO2 emissions have not dropped for nine years.

Automakers spending $255B on EVs a 'pile-up of epic proportions'

Battery materials can charge mining's next supercycle but new study says automakers will "throw away tens of billions" making electric vehicles no-one wants.

Polish copper producer KGHM appoints new CEO

KGHM has not had a CEO since Radoslaw Domagalski-Labedzki was fired on March 10.

ALROSA launches football collection of diamonds on the occasion of the World Cup

The collection consists of 32 round diamonds, 0.3 carats each, named after the countries - participants of the World Cup.

Silver Bear pours first silver from Russian project

“The plant has demonstrated that it can operate at planned hourly production throughput capacity."

Centerra delays completion of deal over Kumtor mine as Kyrgyz PM mull revisions

Deadline for fulfillment of all conditions included in agreement with the Kyrgyz government, which would end all disputes over the firm’s Kumtor gold mine, has been pushed back about a month.

Miner Petropavlovsk's biggest shareholder outlines his case for change

Petropavlovsk's largest shareholder, who is calling for an overhaul of the board, plans to sell the company's stake in an iron ore unit and draw up gold sector deals.

Global copper output up 7.1 pct in first three months of 2018

Miners around the globe produced 330,000 more tonnes of copper between January and March this year than in the same period of 2017, helped by higher production in world’s leader Chile.

New York-based equity fund buys Ireland-focused Dalradian for Cdn$537m

Shares in the gold miner went ballistic over the news, jumping around 52% in London and more than 59% in Toronto.

Newmont sells stake in Yanacocha gold mine to Japan’s Sumitomo for $48 million

Sumitomo’s move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.

Russia dumps treasuries for gold in pivot after sanctions scare

The country cut its holdings of Treasuries nearly in half in April as Washington slapped the harshest sanctions to date on a selection of Russian companies and individuals.

Sirius Minerals soars after securing supply deal for Nigerian market

Shares in Sirius Minerals (LON:SXX) were off to the races on Wednesday after it announced it had secured a major seven-year African supply deal.

US-China trade spat wipes $57B from top mining stocks in fortnight

Copper, iron ore prices drop, mining majors punished as US threatens more tariffs on "predatory" Chinese imports and Beijing calls it "blackmail".

Mystery Russian gold mine investor revealed as crypto executive

One of the strangest stories in the mining industry this year has been the battle between Russian gold miner Petropavlovsk Plc and its activist, mystery shareholders.

Wall Street builds immunity to trade war rhetoric

So far, Trump has taken little action beyond tariffs of 25 percent on steel and 10 percent on aluminum on imports from China, the European Union and other countries.

Glencore's great game is avoiding US sanctions: Chris Bryant

Glencore says its subsidiaries will pay Gertler what he’s owed, only the funds will be transferred in euros and U.S. citizens won’t be involved.