Europe Mining News

BMW mining deals shelved until EVs can be mass-produced

The German luxury vehicle maker said mass production of EVs is not viable until 2020 when its proprietary electric drive technology is expected to be profitable enough.

Rio sells one of latest coal assets in Australia for $200 million

Australia's Whitehaven Coal is acquiring the Winchester South project, located in Queensland.

Apollo Minerals expands in the Pyrenees

The company has entered into an agreement to buy Aurenere, a project located in the northern Spanish province of Lleida.

Fura Gems kicks off initial production at iconic Coscuez emerald mine

Early output of 1,720 carats of emeralds, including 826 carats of top quality ones, was achieved through a bulk-sampling program carried out within eight weeks of the completing the acquisition of the mine

Alrosa launches synthetics diamonds detector

The portable machine screens polished diamonds and jewellery, identifying synthetics as well as treated stones.

Feast and famine in the global tin market(s): Andy Home

The London market is only one half of the picture when it comes to tin price signals. The other, very different half is located in Shanghai.

Russia's top gold miner wants to become global player in antimony market

Polyus aims for up to 15% of global market od antimony, a metal used primarily in fire retardants and batteries.

Glencore snatches Rio’s Australian coal mine in $1.7bn deal

The acquisition includes Rio Tinto’s 82% stake in Hail Creek coal mine and its 71.2 % interest in the Valeria project.

Swiss seize bank accounts amid probe linked to Rio Tinto Mongolia mine

The Swiss attorney general’s office launched its probe in 2016, court documents show.

Egypt’s sole gold-exporting mine reports high profits

January profits for the Sukari gold mine are making headlines in the country.

U.S. govt to accept metals tariffs exclusion requests from Monday

It could take up to 90 days to make determinations.

Merkel, Xi agree to work on steel overcapacity within G20

Xi said both countries should cooperate despite ideological differences.

Mine accident shows a potash market nervous about outages

Shares of some of the largest potash producers soared on speculation that the accident could knock out a large chunk of global production capacity.

Electric car dreams may be dashed by 2050 on lack of cobalt, lithium supplies

German researchers say cobalt-free battery technologies — including post-lithium technologies based on non-critical elements — are the best way to avoid supply issues in the long term.

De Beers, Mountain Province go after Kennady Diamonds to expand joint Canadian mine

The partners in Canada's Gahcho Kué mine, Mountain Province, said the planned acquisition opens up some potential new options for the operation’s future.

Poland's KGHM targets rise in Chilean copper ore output

The miner expects daily copper ore output at its Chilean mine Sierra Gorda to increase by 18% next year from current levels.

Visualizing China’s most ambitious megaproject

Costing between $4-8 trillion and affecting 65 countries, China’s ambitious One Belt, One Road (OBOR) initiative is the granddaddy of all megaprojects.

Czech tycoon earmarks $1.2 billion to buy Europe's old coal

“The media bubble around clean energy doesn’t reflect reality,” said Alan Svoboda, an executive director of Seven Energy.

Ex-banker's home said to be raided in UK Rio Tinto probe

UK investigators raided home of former investment banker to look for evidence connected with a bribery investigation into mining giant Rio Tinto Group.

Cobalt to be declared a strategic mineral in Congo

Royalties paid to the government from cobalt and coltan mining will jump to 10 per cent from 2 per cent.

Glencore signs massive cobalt sale deal with China's GEM

The world’s biggest producer of cobalt has agreed to sell around a third of its cobalt production over the next three years to the Chinese battery recycler.

Gem Diamonds soars as it finds seventh giant rock this year

It's a 169-carat, top white colour Type IIa rock diamond dug up at the company's flagship Letšeng mine in Lesotho.

Suncor output to suffer from early start of Syncrude maintenance

Eight-week maintenance project at Syncrude that had been scheduled to start in April will start Thursday.

These charts show just why copper price fundamentals are so strong

The world's 10 largest copper mines accounted for 25% global output in 2017 – on average these deposits were discovered 95 YEARS ago.

Fifth-largest gem quality diamond in history sold for $40 million

Gem Diamonds found the 910-carat diamond, named "The Lesotho Legend," in January.