Europe Mining News

Commodities forge record-setting rally as BP to miners surge

The Bloomberg Commodity Index, which tracks returns on 22 raw materials, was poised for an unprecedented 15 days of gains on Thursday.

Union at Chile Lomas Bayas mine far from deal with Glencore

Unionized workers at Glencore's Lomas Bayas copper mine rejected a final contract offer and began government-facilitated mediation Thursday to avoid strike.

Alba wants to reopen gold mine behind three generations of royal wedding rings

Gold from Clogau St David’s mine in North Wales is behind the wedding bands of the Queen Mother, the Queen, Princess Margaret, the Princess Royal and Diana, Princess of Wales.

Germans invest heavily in gold in 2017, Deutsche Boerse says

Gold is seen as a safe haven for investors during times of uncertainty. Spot gold prices gained about 14 percent during 2017.

Mining in 2018: Copper price to power on

Markets where technology hasn’t substantially shortened the supply cycle and where cost are rising (ie copper) have the greatest long-term upside in prices

Court orders Zambia Vedanta unit to pay state firm $139 million

London court has ordered KCM to pay state mining company $139m in a claim related to copper price, raising by $36m the amount originally ordered to pay.

2018 feels ripe for ‘big unexpected crisis,’ Eurasia group says

This year could see a geopolitical crisis on the scale of the financial crash a decade ago, Eurasia Group President Ian Bremmer says.

Gold's best run since 2011 exposes `global complacency' on rates

Bullion for immediate delivery advanced 0.9 percent to $1,315.08 an ounce at 2:15 p.m. in New York, according to Bloomberg generic pricing.

The EU starts to lead the Kimberley Process

Even though the system has received criticisms, its 54 participants seem committed to making it work.

Vale to get $1.35 billion less for fertilizer business

The South American miner wants to retain control of the TIPLAM port terminal, which is an asset originally included in the deal.

Diamond prices were okay in December, not so good throughout 2017

Rapaport says that following a better-than-expected holiday season, polished diamond prices stabilized in December 2017.

Patagonia Gold to pay $15 million for gold/silver project in Argentina

Patagonia’s plans have reignited a long-standing debate related to the environmental risks of open-pit operations that use of cyanide leaching technology.

Renewables generated triple the power of coal in 2017, UK figures show

British wind farms generated more electricity than coal plants on more than 75% of days this year.

Prosecutor orders three years of jail time for Spaniard couple with murky investments in Congolese copper mine

The pair invested approximately $1.9 million in shares in Mhyrre Minerals and Metal SPRL.

Spain’s OHL to oversee El Teniente’s tailings facility

The Madrid-based firm signed a $20-million-dollar contract.

Prehistoric bling: Research uncovers factors behind the development of earliest copper alloys

The colour properties of prehistoric copper alloys have largely been understudied. Until now.

Thyssenkrupp could halve stake in Tata Steel JV

The two have committed to holding equal stakes for the first six years of the company's existence, said Thyssenkrupp personnel chief Oliver Burkhard.

Graff buys another giant diamond from Sierra Leone

With this purchase, Graff Diamonds says it has acquired, cut and polished the majority of the top 21 largest stones of the 21st century.

Polish miner JSW to invest $5.3 bn by 2030 to boost output

The state-run company said it wants to increase its total coking and thermal coal output to 18.2 million tonnes in 2030 from 15.6 million expected in 2018.

Value of top 50 mining companies surge $140 billion in 2017

More than half the 2017 combined market cap gains for the world's largest listed miners accrued to just five firms as gold producers drop out of top 10.

Thyssenkrupp shareholders get impatient for change

Investors becoming impatient with pace of its restructuring, putting pressure on CEO Hiesinger to fix underperforming units and revive flagging share price.

Mining listings bring Indian gold and Irish zinc to London

Two exploration companies with assets spanning gold in India to zinc in Ireland to list their shares on London's Alternative Investment Market on Thursday.

French steel firm Ascometal attracts four bidders – unions

Liberty House, Schmolz + Bickenbach and Spain's Sidenor submitted offers by a Monday deadline, while an unnamed party submitted a letter of intention.

Pastor who found giant diamond in Sierra Leone to get less cash than promised

The government says the cleric violated the Mines and Minerals Act.

This map shows the top immigrant population in each country

If the world’s migrant population formed a new nation, it would be fifth largest. What are the top immigration populations, how does this look mapped out?