Europe Mining News

Investors keep flocking to gold, push metal to three-month high

Gold last up at $1,242.20 an ounce, after hitting $1,245.40 earlier in the day.

Rio Tinto logs first annual gain since 2013 on iron ore rally

Shareholders will be the main beneficiaries of the company's cautious approach to capital expenditure in the last three years as it will pay bigger-than-expected divvy of $1.70 per share.

Russia’s Alrosa January sales up 60%

The world's top diamond producer by output in carats fetched $358 million in rough gems and $7.28 million in polished rocks last month.

Rio Tinto gives shelved diamond mine to central Indian state

The Madhya Pradesh government will take ownership of the assets, including all the land, plant, equipment, and diamond samples recovered during exploration.

Mountain Province just found this massive diamond at Gahcho Kué

The 67.87-carat gem quality octahedron diamond, unearthed during production ramp-up, is the largest of its kind recovered to date at the remote mine.

CHARTS: Gold price propped up (only) by Western investors

New report shows 2016 inflows into gold ETFs in the US in Europe increased to second highest on record, but all other sources of demand dropped sharply.

CFO Eeva Sipilä appointed Deputy to the CEO of Metso

Metso Corporation's stock exchange release on February 3, 2017 at 8:30 EET

US mulls scaling back ‘conflict minerals’ rule

The US Securities and Exchange Commission is reconsidering the rule, which requires companies to trace and report whether their products contain minerals from a war-torn part of Africa.

Kumba Iron Ore settles tax dispute in South Africa

The miner, Africa's largest iron ore producer, will pay R2.5 billion, considerably less than the original R6.5 billion it had been asked to cough up.

Metso extends McHale role

Metso distributor in Ireland, McHale Plant Sales, has had their role on behalf of the Finnish crushing equipment manufacturer extended, little more than one year after they were first appointed distributors for the brand in Ireland.

Denmark's largest energy firm to ditch coal by 2023

Coal consumption had been cut by 73% since 2006, Dong Energy said, and its power stations would replace the fossil fuel with sustainable biomass.

Coal use in Europe on its way out — report

Coal generation in Europe is falling and will continue to do so due to competition from cleaner energy sources and governments efforts to cut emissions, a study by The Economist Intelligence Unit (EIU) shows.

Did this financier just call the end of the mining rally?

Private equity firm Orion selling $1 billion worth of royalty, streaming and offtake assets covering gold, silver, base metals and diamonds.

Metso introduces a community-friendly Lokotrack® UrbanTM series to enable safe rock crushing in cities

Metso Lokotrack® UrbanTM seriesmobile crushing plant revolutionizes crushing in densely populated environments, such as city centers. The new solution simplifies crushing operations, incorporates significant noise protection and cuts dust emissions remarkably, minimizing the impact for people living and working around construction sites.

Here’s what miners should expect and do in 2017

While companies face different outlooks and challenges depending on the commodity they mine and their size, Deloitte says they should all should be looking for the answer to one common question — “Going forward, where should we play and how can we win?"

Deutsche Bank won’t finance any coal projects any longer

It has decided not to finance any greenfield thermal coal mining or coal-fired plants and it will also reduce its existing exposure to the sector.

Moon Express ready for first private lunar trip after raising another $20M

The private space exploration firm has enough money to hit the moon by the end of 2017.

Gold soars past $1,200 on Trump’s immigration ban, comments on Germany

Spot gold climbed 0.4% to $1,200.00 per ounce in early trade, while April Comex bullion was last up $10.20 an ounce at $1,206.30.

Lucapa adds Motahe project in Lesotho to portfolio, shares jump

The project, which has existing infrastructure, a camp and a diamond processing plant in place, is located just 5km from Letšeng, the highest dollars-per-carat kimberlite diamond mine in the world.

New rare earth miner lists in London, raises $10 million for Burundi project

Rainbow Rare Earths plans to restart the Gakara mine, which operated for 30 years until 1978, and that still holds high grade of the coveted elements.

Global gold mining output to decline further

Only Africa and Oceania bucking the trend says new study.

UN court won’t dismiss Stans Energy claims against Kyrgyz Republic

The decision means the $210 million arbitration against the Kyrgyz Republic will advance to the merits stage, the Canadian junior said.

Copper takes some shine off Anglo American’s results

The miner reported broadly higher output in the fourth quarter across all divisions, except for copper, which suffered from lower grades and strikes.

Anglo’s Kumba Iron Ore just got a lot more attractive to potential buyers

The company, Africa's largest iron ore producer, expects profits to more than double this year on the back of higher iron ore prices and a weak rand.

International Lithium Corp. announces strategic changes

International Lithium Corp. announces that Kirill Klip, the President of ILC, has been appointed as the Chief Executive Officer of the Company, such that he will act as the CEO, President and Chairman of the Company.