Europe Mining News

This truck will help Liebherr become a bigger name in mining

Company is finishing up first field trial for its T 236 diesel electric truck and it expects to have it commercially available by the end of 2018.

In bizarre twist, coal may become a scarce commodity: Russell

The current debate surrounding coal is generally one of how long it will continue to play a role in the world's energy mix before it is replaced by cleaner alternatives, but the coming years may see a deficit in seaborne markets for the polluting fuel.

Sirius Minerals lands major Asian deal

The London-listed company sealed a 7-year commercial deal with Wilmar Group.

Helicopter operated by Russian coal company crashed in Arctic Norway

A Mi-8 helicopter operated by Russian coal company Arktikugol crashed on Thursday with eight people on board.

Savannah Resources enters the lithium race in Europe

The miner wants to address the needs of European automakers.

Eldorado cuts production guidance at Turkey mine

Gold recovery from the leach pad at the operation has lagged internal expectations.

Copper prices fall

Among other geopolitical developments, the drop is attributable to investors getting calmer over the news that China's economic policy will see few changes in the near future.

Poland's KGHM chief sees high copper prices boosting earnings this year

"I think that the third-quarter results will confirm that the full-year EBITDA will be higher than last year," says KGHM CEO Radoslaw Domagalski-Labedzki

Anglo American’s Kumba raises production target

Kumba Iron Ore increased its full-year production target by 1-million tonnes.

Sandvik results reflect mining rebound

Orders jump 10% at Swedish mining equipment maker during third quarter.

Platinum miner Lonmin to cut over 1,000 jobs in South Africa

South Africa's Solidarity union cites low commodity prices and rising costs as two main factors behind the job cuts.

Northern Miner's Progressive Mine Forum Livestream

Live round table discussions complemented by real-time interaction with the audience via social media, as well as commentary from industry leaders.

Petra Diamonds revenue takes hit from Tanzania crackdown

Petra Diamonds Ltd's first quarter revenue fell by 17 percent after Tanzanian government last month seized consignment of diamonds from its Williamson mine.

Hedge fund sues Barclays Bank for £650M over alleged copper market rigging

Red Kite, the largest metals hedge fund in the world run by UK Conservative Party donor Michael Farmer, is alleging that Barclays Bank attempted to rig the copper market through insider dealings with the London Metal Exchange.

Bacanora secures environmental permit for Sonora project in Mexico

Permit lets Bacanora go-ahead with its 35,000tpa (tons per annum) lithium carbonate operation in Mexico.

Alrosa has just unearthed another large yellow diamond, hits annual record of massive findings

With the newly unearthed 34.17-carat diamond, Alrosa has hit an annual record in the number of large fancy-coloured stones found at its operations.

Polyus powers on

Russian miner posts another quarter of record production on the way to 2.8m ounces in 2019 as its $2.2 billion Natalka mine ramps up.

BHP presents united front against activist Elliott

Ken MacKenzie defended CEO after attacks from activist investor Elliott Advisors prompted speculation that the end of Andrew Mackenzie's tenure was imminent.

Zinc's bull narrative blurred by fog of LME spreads war

The combination of spread stress and large flows of metal in the LME system suggests we've just witnessed a big bear-bull battle among physical players.

Glencore gains approval to buy into Rusal's Ukrainian alumina plant

As a result of the permits, Glencore can acquire shares in companies Aluminium of Ukraine and Guardon Ukraine.

BHP presents united front against activist Elliott

Pressure has mounted on BHP and its chief executive since Elliott went public in April with its criticisms of the miner's strategy.

Vale shareholders elect two Aberdeen-backed candidates to board

Guerra and Saboya, two of four competing candidates for the board, were nominated by Aberdeen Asset Management.

Scotiabank to offload gold trading unit

Chinese buyers are rumoured to be the key targets of the sale.

Atlas Copco up on higher third-quarter orders, bullish demand forecast

The Swedish firm is fine-tuning details for a group split that will see its mining, infrastructure and natural resources business trade as a new company in 2018.

Proceeds from massive diamond found by pastor to go to Sierra Leone’s poorest

Over 50% of the proceeds will be used to fund clean water, electricity, school, medical facilities, bridges and roads, none of which are currently available in the village of Koryardu, where the diamond was found.