Europe Mining News

De Beers’ Victor mine closing doors in 2019

Firm has determined it's not economically viable to extend the life of the diamond mine, which can only be accessed by air year round, or by a winter road for five or six weeks in January and February.

Stratex shareholders block Crusader mining deal

Shareholders of miner Stratex International blocked reverse takeover of Australian-listed Crusader Resources and voted CEO Marcus Engelbrecht out of office.

Peru mines minister sees investment up on high prices, permits

Mining investment in Peru set to fall for a fourth straight year in 2017, but Mining Minister Cayetana Aljovin expects it to bounce back in 2018.

Rio Tinto throws its weight behind Africa as mining central

Africa largest untapped source of growth for industry and would provide huge opportunity, says Rio Tinto's chief executive of energy and minerals.

Liebherr to expand presence in America’s mining sector

The equipment maker has a very strong presence in Europe, Australia and Africa, but says in North and South America there's plenty of room for improvement.

Solid demand for large stones boosts Gem Diamonds sales

The company has found six diamonds larger than 100 carats in the first nine months of the year, compared with just four throughout 2016.

Anglo American investors demand clarity as dealmaker incoming chairman arrives

Stuart Chambers faces investor calls for clear direction at the company, long seen as a potential takeover target.

London Metal Exchange in talks with online platforms

A source said the LME had made contact with established online venues Trayport and EBS, which are currently focused largely on energy and foreign exchange.

Glencore raises marketing guidance, lowers output

In third-quarter production report, Glencore lowered its output guidance for copper, zinc and coal but said full-year earnings would not suffer.

Former Gemfields exc.-led firm grabs Coscuez emerald mine in Colombia

Fura Gems aims to resume production at the mine within six months of the deal closure.

Electric cars yet to turn cobalt market into gold mine – Nornickel

Prices for cobalt metal, used in production of electric vehicle batteries, have tripled to nine-year peaks above $30 a pound from below $10 a pound in late 2015.

The Polyus power play

The next few years will likely see the biggest shake-up of gold mining's top tier in a decade.

Unit of Austria's Voestalpine seeks year-long cobalt deal in race for supply

Demand for cobalt is expected to soar in coming years as governments battle pollution and more electric cars are built.

Small mining companies shun London market after IPO flops

Lacklustre performances by small mining companies on the London Stock Exchange are driving rivals in need of cash to find alternative ways to raise capital.

This truck will help Liebherr become a bigger name in mining

Company is finishing up first field trial for its T 236 diesel electric truck and it expects to have it commercially available by the end of 2018.

In bizarre twist, coal may become a scarce commodity: Russell

The current debate surrounding coal is generally one of how long it will continue to play a role in the world's energy mix before it is replaced by cleaner alternatives, but the coming years may see a deficit in seaborne markets for the polluting fuel.

Sirius Minerals lands major Asian deal

The London-listed company sealed a 7-year commercial deal with Wilmar Group.

Helicopter operated by Russian coal company crashed in Arctic Norway

A Mi-8 helicopter operated by Russian coal company Arktikugol crashed on Thursday with eight people on board.

Savannah Resources enters the lithium race in Europe

The miner wants to address the needs of European automakers.

Eldorado cuts production guidance at Turkey mine

Gold recovery from the leach pad at the operation has lagged internal expectations.

Copper prices fall

Among other geopolitical developments, the drop is attributable to investors getting calmer over the news that China's economic policy will see few changes in the near future.

Poland's KGHM chief sees high copper prices boosting earnings this year

"I think that the third-quarter results will confirm that the full-year EBITDA will be higher than last year," says KGHM CEO Radoslaw Domagalski-Labedzki

Anglo American’s Kumba raises production target

Kumba Iron Ore increased its full-year production target by 1-million tonnes.

Sandvik results reflect mining rebound

Orders jump 10% at Swedish mining equipment maker during third quarter.

Platinum miner Lonmin to cut over 1,000 jobs in South Africa

South Africa's Solidarity union cites low commodity prices and rising costs as two main factors behind the job cuts.