Europe Mining News

US allies hit back at Washington's steel, aluminum tariffs

The US on Thursday said it will impose tariffs on aluminum and steel imports from Canada, Mexico and the EU, reigniting fears of a global trade war.

Kyrgyz Republic former PM who signed deal with Centerra charged with corruption

It’s rumoured that Sapar Isakov's charges may put a pact ending long-dragged disputes between the Asian country and the Canadian miner in jeopardy.

Emeralds and rubies producer Fura Gems changes look

The company, which began operations a year ago, said the move seeks to strengthen its communication with key stake holders and consumers.

Electric vehicles on the road to triple by 2020 — IEA

The number of electric cars, including battery-electric, plug-in hybrid electric and fuel cell electric passenger light-duty vehicles, increased by 57% in 2017 from the previous year.

Russian gold miner Polyus posts 51 pct drop in Q1 net profit

Polyus gold, Russia's largest producer of the metal, reported first-quarter net profit down 51 percent at $244 million, hit by reduced foreign exchange gains and other non-cash items.

Mountain Province finds 95-carat diamond in Canada’s far north

The white octahedron of "top clarity" is the largest gem quality diamond and fourth largest stone ever recovered at the company's Gahcho Kué mine, located in Canada’s Northwest Territories.

RBS to stop financing new coal plants, oil sands or arctic oil projects

Britain’s Royal Bank of Scotland said it had tightened restrictions on project finance and general lending for high-carbon energy projects and companies.

Petropavlovsk asks UK regulators to investigate activist shareholders

The London-listed firm is near the end of a quest to bring on technology to boost profits from the treatment of refractory gold ore.

World’s largest diamond miner De Beers to sell synthetic stones

After vowing for over a century it would never sell stones made in laboratories, De Beers will start doing so in September.

Hedge funds have never been this bearish on platinum price

Large scale speculators in platinum futures go shortest ever as Europe industrial policy chief says "diesel cars are finished".

Vedanta’s troubles worsen as Indian state orders permanent closure of smelter

Deadly protests last week over alleged pollution from the Tuticorin smelter have prolonged a shutdown of the 400,000 tonnes-a-year operation. This time it seems to be forever.

Trump metals tariffs make Granite City great again, but at what cost?

The United States Steel Corp is re-hiring or recruiting around 500 workers as it readies for production in mid-June at a blast furnace it idled in 2015.

Russia's Avtovaz explores alternatives to sanctions-hit Rusal

Rusal is Avtovaz's top aluminium supplier.

Meghan Markle makes gold sales sparkle

The Meghan Markle effect has spread to yellow gold jewelry, helping boost United States sales in the first quarter of 2018 with further gains expected.

Poland's KGHM plans domestic investment of more than $3 bln by 2022

The company also said it plans to reduce investment in oversees assets and focus on domestic operations.

Eldorado to soon obtain permit for processing plant in Greece, minister hints

The country’s energy ministry said he aimed to address the company's development plans in the coming weeks and according to a recent arbitration, which favoured Eldorado.

Gem Diamonds finds ninth big diamond from Letšeng

With the discovery, the miner has already exceeded the total number of diamonds of over 100 carats recovered in 2017.

It’s not about scoring the big win, it’s about not backing losers

MINING.com discusses the state of private equity investment in mining with Michael Scherb founder of Appian Capital.

Mining gear maker Metso picks CEO from Finnair

Pekka Vauramo helped Finnair return to growth after years of losses, and he also has worked for rival engineering group Sandvik.

Glencore goes from crisis to crisis with possible bribery probe

It’s becoming hard to keep track of all of Glencore’s legal battles in the Democratic Republic of Congo.

Meghan Markle’s wedding band made with Welsh gold from historic mine

The 24-carat piece of gold given to Markle by the Queen originated at the Clogau St. David mine in northwest Wales.

The big battery boom hits another roadblock: fire-fearing cities

 The new era of big batteries has already drawn scrutiny after fiery electric-car crashes across America and Europe.

Glencore drops as British regulators looming probe adds to Congo issues

Britain’s Serious Fraud Office plans to open a formal bribery investigation into Glencore and its deals with Israeli billionaire and former partner Dan Gertler.

Sandvik trucks just got a lot more intelligent

Sandvik is introducing a new intelligent underground mining truck, Sandvik TH545i, delivering benefits in customer safety, productivity and profitability. The new truck joins the existing iseries truck family of Sandvik TH551i and Sandvik TH663i, launched in July 2017.

Anglo close to selling part of stake in giant Peruvian copper project

Quellaveco is one of the world’s largest untapped copper orebodies and Anglo’s board is set to decide later in the year whether or not to green-light development of the $5.5bn mine.