Europe Mining News

Polish miner JSW to invest $5.3 bn by 2030 to boost output

The state-run company said it wants to increase its total coking and thermal coal output to 18.2 million tonnes in 2030 from 15.6 million expected in 2018.

Value of top 50 mining companies surge $140 billion in 2017

More than half the 2017 combined market cap gains for the world's largest listed miners accrued to just five firms as gold producers drop out of top 10.

Thyssenkrupp shareholders get impatient for change

Investors becoming impatient with pace of its restructuring, putting pressure on CEO Hiesinger to fix underperforming units and revive flagging share price.

Mining listings bring Indian gold and Irish zinc to London

Two exploration companies with assets spanning gold in India to zinc in Ireland to list their shares on London's Alternative Investment Market on Thursday.

French steel firm Ascometal attracts four bidders – unions

Liberty House, Schmolz + Bickenbach and Spain's Sidenor submitted offers by a Monday deadline, while an unnamed party submitted a letter of intention.

Pastor who found giant diamond in Sierra Leone to get less cash than promised

The government says the cleric violated the Mines and Minerals Act.

This map shows the top immigrant population in each country

If the world’s migrant population formed a new nation, it would be fifth largest. What are the top immigration populations, how does this look mapped out?

Mining's Mr. Fix-It brings extinction of 100-Year-Old Lonmin

After years of near-death experiences, the story of Lonmin Plc is finally over.

Coal into bitcoin? Dirty secret of 2017's hottest market

Creation of digital bitcoins by computer networks has real-world consequences in form of massive energy use, including fuels that cause most pollution.

Natixis bank broadens metals fraud lawsuit, targets Glencore unit

French bank Natixis has broadened its $32 million lawsuit over fraudulent receipts for nickel stored at warehouses in Asia by adding a unit of commodities giant Glencore as a defendant, a court filing showed.

Poland's KGHM considers appeal against British Columbia mine rejection

On Friday, KGHM said it was considering next step after BC said it would not issue an environmental certificate for its Ajax copper and gold mine.

Bacanora Minerals Ltd strategic cornerstone investor & offtake agreement

NextView Capital agreed to acquire a 19.89% equity interest in Bacanora via placement of 32,976,635 common shares in the Company at 94.53 $1.26 per share.

ArcelorMittal says Kazakh coal miners end strike

Coal miners at ArcelorMittal's Kazakh unit ended their sit-in and emerged from the mines after offers of a pay rise and the threat of legal action.

Indonesia, Freeport said to near new deal for Grasberg mine

Under the new deal, Inalum will seek to acquire London-based Rio Tinto Group’s joint venture interest in Grasberg by March.

What to expect for gold in 2018

John Reade, Chief Market Strategist at the World Gold Council, explains several reasons to believe that gold could maintain an upward trajectory.

Bitcoin points way to `massive change' for commodity trading

Blockchain upending world’s financial markets with rise of bitcoin, and now the digital-ledger system is poised to do the same next year for raw materials.

As Glencore restarts capacity, is time up for zinc rally?

Glencore can't take full credit for bull surge of last 2 years but its curtailments acted as powerful accelerator to structural shift toward supply deficit.

Kloeckner & Co says not preparing offer for Thyssenkrupp unit

There are no talks between Kloeckner & Co and Thyssenkrupp over a tie-up with Material Services division or about any offers, said Kloeckner & Co spokesman.

Steel tycoon considers bid for Rio Tinto's Dunkirk aluminium smelter

The Dunkirk plant, which the sources value at around $234.44 million, would add to the Gupta Family Group (GFG) conglomerate.

Fed spells relief for gold traders worried over rate-hike pace

By a 7-2 vote, the Fed on Wednesday raised the benchmark lending rate by a quarter percentage point, its third hike this year.

Visit the top blockchain and cryptocurrency power hubs of the world (VIDEO)

Jonathan Roth’s short film takes viewers on a tour of some of the world’s key power hubs in the cryptocurrency industry.

Glencore is the tempting devil sat on mining's shoulder: Gadfly

Uniquely among its peers, Glencore derives a substantial slice of its earnings from trading commodities, rather than producing them.

Aurubis sees focus on internal growth, still open to takeovers

Aurubis plans to make use of its expertise to expand processing of complex copper concentrates (ores) and scrap, CEO Juergen Schachler said.

World Bank to stop funding oil and gas projects

The institution will stop all lending for oil and gas projects after 2019, with some exceptions.

World’s third-largest insurer to divest from oil sands and pipelines

AXA and three other French investment groups follow the World Bank's lead.