Europe Mining News

Norsk Hydro appoints new CEO amid Brazil woes

The company plans to appoint Hilde Merete Aasheim, who has been head of the company's Primary Metal unit since 2008, as its new CEO in May.

Russian diamond miner Alrosa wants controlling stake to mine in Zimbabwe

Alrosa will assess Zimbabwe's diamond reserves over the next six months but would only start mining if it can take a majority stake in such a project.

De Beers, Botswana to expand world's richest diamond mine

The joint venture partners have awarded a $1.2-billion contract to extend the lifespan of their Jwaneng mine unit 2035.

Kyrgyz and Turkish miners join forces to develop gold projects in Central Asia

Kyrgyz gold producer Chaarat and Turkish mining and mine construction contractor Çiftay want to collaborate on the Tulkubash and Kyzyltash projects in the Kyrgyz Republic.

Rio Tinto rejects push by activist shareholders to reveal emission targets

Miner has hit back at a push to make it more accountable for carbon emissions produced by its customers, including Chinese steel makers.

Alrosa's Mir mine won't reopen before 2030

Russian diamond giant says decision to restore underground mine will be made before 2024, but construction could take up to eight years.

Copper was key in the emergence of primitive life on Earth

High availability of copper and low availability of oxygen during the Neoproterozoic period gave scientists the first clues.

Ukrainian government relocates Black Iron's processing plant and tailings facility

The parcel of land proposed by state officials in September 2018 was deemed unsuitable from a social and environmental standpoint.

Polish Audit Office blasts KGHM acquisition of Chilean copper mine

The body, which looks into the way the Polish state operates and how it spends public funds, says the company has spent more than $5.2B in three years on the underperforming Sierra Gorda mine.

Gold-backed ETFs fell in February, following four months of inflows

But global gold-backed ETF flows remain positive on the year ($1.7 billion) on the back of strong inflows in January.

Crispian does not plan to sell further stake in Russia's Nornickel – Ifax

Roman Abramovich's company sold $551 million worth of shares earlier this month.

Russia considers export ban on precious metals scrap

The proposed ban would last from May 1 to Oct. 31 this year.

Russia, China to buy 10% in Onexim Group's mining company

Intergeo, a part of Onexim Group, is developing Russia's second largest nickel deposit and one of Russia's top-5 copper reserves.

Greece's Public Power relaunches coal-fired power plants sale

PPC wants to conclude the sale by May and has been in touch with investors from the United States, Russia and China.

Abramovich trims Nornickel stake in $551m share sale

The shares, accounting for a 1.7% stake in the world's largest palladium producer, were bought predominantly by British-based investors, with Russian investors also buying a third of the shares.

Abramovich's Nornickel sale shows taste for Russian stock deals

Roman Abramovich’s sale of a stake in Russia’s biggest mining company shows investor appetite for the country’s assets is returning.

Gem Diamonds posts record results, but withholds dividend

The company cited uncertainty about the global diamond industry as one of the main reasons for choosing not to pay a divvy.

Russia's Polyus gets extra 5% stake in Sukhoi Log gold deposit

The deal raises Polyus' stake in Sukhoi Log, one of the largest untapped gold deposits in the world, to 63.4%.

Sirius Minerals puts alternative plan for potash project on the table

The Woodsmith mine will be one of the world’s largest in terms of the amount of resources extracted — It's set to generate an initial 10 million tonnes per year of polyhalite, a form of potash used in plant fertilizers.

LME launches seven new contracts to try to boost volumes, profit

The steel and alumina contracts have the best chance of succeeding, according to analysts, traders and other industry sources.

Russia's Polymetal says its ore, gold reserves rose in 2018

Polymetal increased its ore reserves by 15 percent last year to 24 million ounces of gold equivalent.

Luxfer’s acquisition of Neo Performance falls through

The Manchester-based company had agreed to acquire Neo for $612 million in cash and stock.

Glencore signs annual zinc treatment charges deal with Canada's Noranda

The market terms of the deal were not disclosed.

Rio Tinto's shares take hit after two analyst downgrades

The hit comes just days after the miner's investors were handed a $4 billion special dividend.

Glencore chief executive Glasenberg to leave Russia's Rosneft board

Ivan Glasenberg will no longer be a member of the board of Russian oil major Rosneft.