Europe Mining News

Newmont sells stake in Yanacocha gold mine to Japan’s Sumitomo for $48 million

Sumitomo’s move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.

Russia dumps treasuries for gold in pivot after sanctions scare

The country cut its holdings of Treasuries nearly in half in April as Washington slapped the harshest sanctions to date on a selection of Russian companies and individuals.

Sirius Minerals soars after securing supply deal for Nigerian market

Shares in Sirius Minerals (LON:SXX) were off to the races on Wednesday after it announced it had secured a major seven-year African supply deal.

US-China trade spat wipes $57B from top mining stocks in fortnight

Copper, iron ore prices drop, mining majors punished as US threatens more tariffs on "predatory" Chinese imports and Beijing calls it "blackmail".

Mystery Russian gold mine investor revealed as crypto executive

One of the strangest stories in the mining industry this year has been the battle between Russian gold miner Petropavlovsk Plc and its activist, mystery shareholders.

Wall Street builds immunity to trade war rhetoric

So far, Trump has taken little action beyond tariffs of 25 percent on steel and 10 percent on aluminum on imports from China, the European Union and other countries.

Glencore's great game is avoiding US sanctions: Chris Bryant

Glencore says its subsidiaries will pay Gertler what he’s owed, only the funds will be transferred in euros and U.S. citizens won’t be involved.

Glencore settles legal row with former partner over Congo royalties

The Swiss firm will make mining royalty payments to Dan Gertler in euros so that it doesn’t fall foul of US sanctions, which were placed on the Israeli billionaire last year.

Germany's Heraeus to open $100 mln precious metals recycling plant in China

China is the world's biggest car market and produces only a fraction of the platinum and palladium it consumes.

Valcambi uses Emergent’s blockchain technology to further strengthen supply chain integrity

Valcambi has entered into an agreement with Emergent Technology Holdings LP (Emergent) to use Emergent’s block chain technology to trace the provenance of gold from mines, to the refinery, and through to vaults.

Romania says Gabriel Resources $4.4bn lawsuit over halted project can’t be heard by arbitrators

Country alleges a court decision had slammed the door on certain investment arbitration cases involving European Union members, so Gabriel’s case can’t be solved that way any longer.

Nevsun extends life of its Bisha mine in Eritrea until the end of 2022

Decision gives 18 months more than planned to the operation, which would result in additional production of 470 million pounds of zinc and 52 million pounds of copper during that period.

Mitsubishi ups stake in Anglo’s Quellaveco copper project in $600-million deal

Anglo will sell a 21.9% stake in its Peruvian copper project to Mitsubishi, increasing the Japanese firm’s stake in the venture to 40%.

Cobalt hunt takes Aussie explorer to forest on BMW's doorstep

The search for cobalt, a key component of the battery-powered auto fleets of the future, has arrived on BMW AG’s doorstep with a discovery of an ore deposit not far from its i3 electric city car plant.

Tharisa expands Zimbabwe exposure with $4.5 million platinum deal

It gives the company access to 23,903 hectares of land in the country Great Dyke, which has a potential for 96 million ounces of platinum and palladium.

Future of Centerra mine uncertain as Kyrgyz Gov’t revising settlement deal

Prime Minister said he would submit tom parliament his own 'proposals' over a settlement reached last year, which would end long-dragged disputes between the company and the country over Kumtor gold mine.

Australia takes over Chile as world’s No.1 lithium producer

It produced 4,600 tonnes of lithium more than Chile in 2017 boosted mainly by record output at Mt Cattlin and Mt Marion mines.

Kinross going ahead with expansion of Alaska gold mine

Project is expected to extend Fort Knox mine life to 2030 and generate 17% internal rate of return (IRR) at a low capital cost.

Alelion electrifies heavy vehicle manufacturer KAMAG with move into new segment

Alelion has proven expertise in delivery as well as a reputation for industry leading innovation in the growing field of sustainable lithium-ion battery technologies. As part of a joint development project, Alelion will deliver a first batch of batteries in 2018. The remainder of the order, valued at approximately MSEK 15, will be delivered during 2019.

China boasts world’s highest sales volume of electric vehicles

China now has the fastest development of EVs in the global market.

Resolute’s Syama gold mine in Mali to be fully automated

The fully automated underground section of the mine is scheduled for commissioning in late 2018.

Thousands protest against uranium mine in Spain

The activists protested against the Salamanca project, Berkeley Energia’s flagship mine located on the Retortillo-Santidad uranium deposit.

Scientists develop technique to reduce cost, environmental impact of mining precious metal

Researchers at the University of Notre Dame invented a new class of molecules whose shape and size enable them to capture and contain precious metal ions.

Billionaire schools teacher in NAFTA talks

How did we get here and what does this ratcheted-up trade war mean for Canada, the United States and investors?

Northvolt begins building Europe’s largest lithium-ion battery plant

The battery cell maker is working on the first section of the factory, in Skellefteå in the north of Sweden, which will be completed in 2020 and produce eight gigawatt cell capacity per year.