Europe Mining News

Gem Diamonds shares up on better sales, prices and string of 100-carat plus rocks

The company, which last month found the world’s fifth-biggest diamond in history at its flagship Letšeng mine in Lesotho, sold 21% more rocks in last quarter of 2017.

No sign of early contract talks at BHP's Escondida mine -Union

BHP's Escondida on Wednesday cast doubt on chances of starting talks on a new labor agreement with the company before formal negotiations scheduled for June.

Glencore says copper output will rise as Katanga ramps up

The Katanga mine in Democratic Republic of Congo likely to add roughly 150,000 tonnes of copper and 11,600 tonnes of cobalt in 2018.

World Copper Conference to be held in Santiago, Chile on April 9 to 11

CRU’s 17th World Copper Conference is a premier copper conference that attracts over 500 delegates.

Coal snared in headwind as traders flee $300 billion market

The halcyon days of coal trading seem to be over as buying and selling of the world’s most widely used power-plant fuel plunged last year.

Animation: human population growth over all of history

Imagine that for every million people on Earth, there was a single dot on a map. What if we went back in time, watched dots accumulate over human history?

Centamin shareholders get bumper divvy, despite 2017 profit fall

Egypt-focused gold miner is paying a final dividend of 10 US cents per share, or a total of $144 million, as it vowed to return all of its excess cash to investors.

These are top-10 global mining trends expected for 2018

Consulting firm Deloitte has published what it says will be the top-10 global trends in the mining industry this year.

Anglo American exits South African coal with sale of New Largo mine

Last year, the miner sold other coal assets that exclusively supplied South Africa’s power utility Eskom, including New Vaal, New Denmark and Kriel collieries.

Gold upleg breaking out

While this week’s surge put gold on many more traders’ radars, it has actually been picking up steam for 6 weeks now.

USD shocker plus gold’s mutiny equals epic opportunity

The only thing that could make it more bullish is if the USD reversed under oversold conditions and close to the cyclical turning point. Oh wait. It did.

Alrosa ups Q4 diamond output, mulls Mir mine future

The Russian state-controlled diamond miner increased fourth-quarter production by 6 percent year-on-year to 10.1 million carats as a shutdown at its Mir mine was offset by higher output at other assets.

Rio Tinto talks loom as a lifeline for Freeport in Indonesia

When it comes to finally reaching a deal to secure Freeport-McMoRan Inc.’s long-term right to keep mining in Indonesia, the ball appears to be firmly in Rio Tinto Group’s court.

De Beers Is digging up more diamonds than any time since 2008

The company, a unit of Anglo American Plc, mined 33.5 million carats in 2017. That’s a 22 percent jump from a year earlier, beating its own target.

Canada’s Gahcho Kue diamond mine boosts Anglo American output, but copper flat

The company beat expectations on Thursday with a 5% increase in 2017 production.

Caterpillar beats estimates again, delivers bullish outlook for 2018

The world's largest mining and construction equipment maker beat market expectations for fourth quarter earnings and said its sales growth momentum is expected to continue in 2018.

Goldman, Citi final bidders for Scotiabank's metals business

The field of prospective bidders for ScotiaMocatta, the metals trading arm of Canada's Bank of Nova Scotia, has narrowed to two.

Nexans and Codelco join forces for a more sustainable and traceable copper market

Recognizing the vital role that copper will play in a sustainable future, Nexans is joining forces with Codelco.

Dollar will be key to gold sesame

The key question is whether the bearish trend in the greenback will continue or we will see a trend reversal.

Cradle Arc's London listing to fund Botswana copper

Copper producer Cradle Arc embarked on a new London listing on Wednesday to fund production in Botswana.

Gold market mulling blockchain for $200 billion of supply

Gold is going digital.

Anglo expects expansion licence for Minas Rio in Brazil by Friday

Receiving the necessary licences would allow the company to continue operating in the state of Minas Gerais, where the iron ore mine is located, for at least another 15 years.

Antofagasta sees 2018 costs to reach $1bn on Pelambres expansion, equipment

Chile-focused miner also expects costs to rise on tailings dam expenditure.

France's Areva rebrands to Orano in dire uranium market

French uranium mining group Areva closing the book on a years-long restructuring but still facing an uncertain future, with uranium prices at decade lows.

Russia to invest $250 million in uranium exploration, production in Argentina

Agreement includes Russia’s state nuclear agency Rosatom commitment to build a nuclear power station in the South American country.