Europe Mining News

Fresnillo logs record gold and silver output for 2016

This year, the miner expects to produce 58 million ounces to 61 million ounces of silver and between 870,000 ounces and 900,000 ounces of gold.

De Beers has just sold largest amount of rough diamonds in a year

The world's top diamond producer sold $720 million of rough gems at its January offering as retailers restocked after the holidays.

London Metal Exchange boss steps down after divisive year

Jones will leave his current position at the exchange and serve as an adviser until the end of this year, according to a statement from Hong Kong Exchanges & Clearing Ltd, which owns the London bourse.

€1bn silver mining company takes stake in fledgling Dublin-based Group Eleven Resources

A €1bn Canadian silver mining company has taken a stake in fledgling Dublin-based zinc explorer Group Eleven Resources.

Metso wins recognition as a leading brand in the Brazilian mining sector for the second consecutive year

For the second year running, a survey conducted by IN THE MINE magazine in Brazil ranked Metso as a leading brand in the Brazilian mining sector. Metso was number one in the categories of Crushing and Maintenance of Mineral Beneficiation Mills.

This start-up plans to be a top lithium miner in the UK

Cornish Lithium Limited is hoping to lead the development of a lithium industry in the UK after acquiring the rights to drill for the mineral in the ancient mining region of Cornwall.

Atlas Copco’s new automation software lets the drill rig do the work

Dynamic tunneling package is a new automation software for face drilling rigs, which gives improved accuracy of the excavation thanks to the fact that drill plans always will be fitted for the current section.

Scientists say mining e-waste may be an economical option

The Canadian team says recovering metals such as copper and rare earths from LED lights may turn to be an economical option soon.

Atlas Copco to split in two, appoints new CEO

The Swedish company plans to list its mining tools division by 2018 in the biggest-ever shakeup of the group, which could spark takeover interest.

Everyone wants Kate Middleton's diamond ring

Eager Chinese and Russian buyers are requesting replicas of the the sapphire and diamond engagement ring.

Europe in favour of oil sands-friendly deal with Canada

Lawmakers have voted in favour of pushing ahead with a trade deal that would allow Canadian oil sand producers to export more crude to the old continent.

DRC says Ok for Glencore to take full control of Mutanda copper mine

Mines Minister Martin Kabwelulu said he “didn’t believe” the government needed to authorize changes in ownership in that or any project.

Egypt opens gold assets to foreign companies, first time since 2009

First international tender for gold mining concessions in eight years to be held on Sunday.

Eldorado Gold output slightly below target, shares fall

Company has decided to reconfigure the plan for its Turkey-based Kışladağ mine, which is its flagship operation.

Glencore may take full control of Mutanda copper mine

The Swiss firm already has a 69% stake in the DRC mine, which jointly owns with Israeli mining tycoon Dan Gertler.

BSGR boss house arrest ends with no charges over Guinea bribery claims

The Israeli billionaire, under house arrest since Dec. 19, has been at the centre of an international investigation into alleged bribery to win mining rights in Guinea.

Final phase of Minas Rio mine expansion a priority for Anglo — report

The company plans to invest a $308 million (R$1 billion) this year to allow the iron ore mine reach a 26.5 million tonnes a year capacity.

Tiny Australian junior gets permit for Greenland's first large new mine 

Ironbark Zinc Limited (ASX:IBG) is developing one of the world's largest lead-zinc deposits.

Eight dead, 35 injured in Congo mining hub amid anti-Govt protests

Congolese security forces accused of shooting civilians in the southern city of Lubumbashi.

Newly found ‘ghost octopods’ at risk from deep-sea mining

This as the creature lays its eggs on the dead stalks of sponges, attached to rocky crusts, which are rich in metals like manganese.

BSGR boss Beny Steinmetz arrested in Israel over Guinea bribery case

The billionaire and other Israeli businessmen are suspected of paying tens of millions of dollars to senior state officials to secure a licence for Simandou, local police said.

Centerra Gold’s presence in Turkey

Centerra Gold, a Toronto-based Canadian company, appears in the news regarding its troubles in Kyrgyzstan and its operations at the Kumtor gold mine.

Eldorado CEO Paul Wright retires, Goldcorp's George Burns takes over

Wright, who joined Eldorado in 1996 and has held several management positions prior to becoming its president and CEO in 1999, will be the company's new chairman.

Canadian mining mission to Uzbekistan

CAMESE and the Canadian Embassy to Russia are seeking your interest in participating in a mining trade mission to Tashkent, Uzbekistan on the margins of "Uz-MiningExpo-2017" trade show from March 15 to 17, 2017.

Rough diamond prices higher in 2016 as production cuts and restocking flip supply/demand

In 2016, the diamond industry has been marked by the follow-through of actions taken by De Beers, ALROSA and Rio Tinto to curtail global supply.