Europe Mining News

Mining tech firm Outotec to pull out of Iran

Finnish mining technology company Outotec will pull out of Iran due to the new U.S. sanctions.

Nyrstar profit warning highlights zinc's disconnects

Belgian zinc producer Nyrstar issued a profit warning last week, citing "adverse market conditions".

Anglo-Australian miner wants to explore the Pyrenees

Apollo Minerals talks about its project on the Spanish-French border.

Germany's move to scrap coal is said to boost cost for taxpayers

Chancellor Angela Merkel’s plan to close Germany’s remaining coal-fired power stations will drive up subsidies for regions that mine the commodity.

Shanghai sets challenge to New York, London in copper options debut

Almost 18,000 lots traded in debut day, equal to 90,000 tonnes of metal.

Deep sea robots reveal mineral riches in the abyss

The scientists, from the University of Bergen in Norway, are sending robots 2,500 metres (8,000 feet) down into the waters between Norway and Greenland.

Rio Tinto’s exit from coal pays off, to return $3.2B from sales proceeds to shareholders

The fresh round of returns follows Rio’s promise in August to give shareholders up to $7 billion through dividends and share buybacks.

Norsk Hydro not buying Rio Tinto’s aluminum plant in Iceland

The Norwegian firm, one of the world’s top producers of aluminum and alumina, said the deal faced opposition from European regulators.

VSMPO-Avisma and Boeing launch new titanium joint-venture in Russia

VSMPO-Avisma, the world's largest titanium producer, and US planemaker Boeing have launched a new manufacturing unit in Russia.

Poland's JSW seeks ministry approval to buy Prairie Mining assets – CEO

Poland's state-run JSW awaits approval from the Energy Ministry in its bid to acquire the mining assets of Australia's Prairie Mining

Top nickel miners ranked

Vale on top.

Russian giant copper project in talks to raise $1.25B

A company owned by Russian billionaire Alisher Usmanov is in talks to raise $1.25 billion from Russian banks by the start of 2019 to build a massive mining and metallurgical plant at Russia's biggest untapped copper deposit.

Eldorado demands $877m from Greece as compensation for permit delays

The non-judicial request relates to damages suffered by the company as a result of a longer-than-expected wait for its Skouries project's permits.

Britain's Tamar takes coking coal complaint to Polish PM

Tamar Resources wants to reopen the state-owned Krupinski mine in Silesia as a coking coal mine.

Spain's nuclear watchdog requests more info on Berkeley uranium mine

The project, which would become the European Union's only open-cast uranium mine if given the go-ahead, has faced local opposition since it was proposed.

Bosnia's Aluminij calls for government help to ensure survival

Aluminij Mostar, Bosnia's sole aluminium smelter, is at risk from high alumina and electricity prices and only urgent government intervention can help it stay on line.

Belgium's Umicore to invest over $370 m in Polish battery materials plant

The plant is the first of its kind built by Umicore in Europe and comes as the European Union is trying to develop EV battery manufacturing in the bloc.

RWE fears lignite industry collapse in hasty coal exit by Merkel

Chancellor Angela Merkel’s plan to phase out coal-fired power plants in Germany should stop short of “prematurely” closing brown coal facilities.

France's Saft targets new generation battery production from 2020

Saft, Siemens, Solvay and Manz teamed up in February to develop high-density liquid electrolyte lithium-ion and solid-state batteries.

LME to maintain discounted carry trade fees indefinitely

LME believes the discounts have had a positive impact on trading volumes - the mainstay of the exchange's revenue.

Russia's Polyus on track to boost gold output in 2019

Its 2018 production is on track to reach the upper end of its forecast range of 2.375-2.425 million troy ounces.

European miners enter bear market with more pain seen for sector

Analysts predict more tough times for the sector that has lost more than 20 percent since June.

Russia's Alrosa sales in 2019 to exceed production by 1-2 mln carats – RIA

Russian diamond miner Alrosa said on Tuesday that its sales next year would be 1-2 million carats higher than its production in 2019.

Norway survey reveals seabed sulphide mineral deposits

Norway's Petroleum Directorate has identified previously unknown deep sea sulphide mineral deposits.

German K+S halts production at 2nd site as severe drought drags on

Hattorf is the second site the company has had to shut down in the last two weeks due to a severe drought affecting the country, especially in the northern and eastern parts.