Europe Mining News

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.

Antofagasta more than doubles dividend on strong copper prices

Chile-focused miner is raising its dividend by 177%.

Women in Mining collaboration launches inaugural International Women in Resources Mentorship Programme 2018

In response to the need for more industry mentoring, we have launched the first International Women in Resources Mentorship Programme (IWRMP).

Gold miner now in the blockchain business

Caza Gold and Arctic Blockchain merge.

Polish JSW beats forecasts with 2017 profit, but suspends dividend

JSW said on Monday its 2017 net profit jumped to 2.54 billion zlotys ($745.31 million) from 6.7 million zlotys a year earlier.

China's Zijin Mining interested in Serbian copper mine RTB, Belgrade says

Serbia has tried and failed three times since 2007 to sell the debt-laden mining complex.

Newfield acquires Stellar Diamonds for $23.6 million

Under the deal, Newfield will lend Stellar $3 million to help it over its immediate short-term cash needs, while undertaking a right issue to raise A$30 million (roughly $23.6m) to re-finance the blended company.

Germany's Merkel still hopes for talks on U.S. tariffs

German Chancellor Angela Merkel said Europe must be ready to respond to the unilateral imposition of trade tariffs by the United States but she first hoped for talks on the issue.

Countries evaluate actions to offset the effects of Trump’s tariffs

Reactions continue to pour in following U.S. President Donald Trump’s imposition of 25 per cent tariffs on steel imports and 10 per cent for aluminium for almost every country but Mexico and Canada.