Europe Mining News

Last missing Polish miner found dead: JSW

“The (last) miner’s body was trapped under one of many structures in the destroyed pit,” JSW said in a statement.

EU heads discuss bold-or-fold strategy toward Trump tariffs

European leaders sought unity on Wednesday toward threatened U.S. import tariffs on steel and aluminium, balancing the views of those most fearful of a trade war and those determined not to be bullied into concessions.

Coal at record in Europe is latest pressure on utility earnings

China’s thirst for energy is roiling markets in Europe, jolting the outlook for coal-hungry utilities as they struggle to cope with tighter pollution and environmental rules.

Russia's Alrosa sees rosy prospects from colourful diamonds

The global market for polished coloured diamonds is now dominated by Rio Tinto and Anglo American's De Beers. But state-controlled Alrosa aims to compete.

LBMA suspends Russian precious metals refinery from 'good delivery' lists

The London Bullion Market Association has suspended the Ekaterinburg Non-Ferrous Metals Processing Plant from its gold and silver good delivery lists due to "ownership related issues".

Aurubis expects continued strong copper market, confirms outlook

Production of copper cathodes (new metal) in the second quarter rose to 291,000 tonnes from 288,000 tonnes.

Historic blue diamond auction exceeds expectations — sold for $6.7 million

The Farnese Blue diamond, which was passed down through European royal families for about 300 years, sold Tuesday for $1.4 million more than the maximum figure experts estimated it would fetch.

Anglo American to spin off unit to encourage platinum demand

The World Platinum Investment Council sees oversupply in the platinum market of 180,000 ounces in 2018.

Polish miner KGHM's first-quarter profit down 38 pct on sales decline

Net profit for the first three months of the year stood at 439 million zlotys ($121.08 million), compared with the 453 million zlotys expected by analysts.

Rio Tinto says climbing costs, resource nationalism once again big threats

Chief executive Jean Sebastien-Jacques said the challenge for the industry is to ensure the benefits from the past frugal years are not lost against a backdrop of rising oil prices and increased political risk.

Mountain Province hires former De Beers financial chief as president and CEO

Stuart Brown has over 25 years of experience in the diamond industry and is the outgoing Firestone Diamonds chief executive officer.

Lonmin tanks as UK competition watchdog looks into Sibanye takeover

By mid-morning, Lonmin shares had lost 5.6% of their value in London, while Sibanye’s were down 4.9% in Johannesburg, even though the companies announced they had received the approval of the South African Reserve Bank (SARB).

Canadian explorer looking to restart Europe's last tin mine to list in London

Vancouver-based Strongbow Exploration expects the London listing to help it raise 25 million pounds ($34 million) over the next 18 months, which will use to study the feasibility of resuming production at the South Crofty tin mine in Cornwall.

Canadian company to reopen gold mine in Spain

Orvana Minerals’ subsidiary in Spain has plans to reopen the Carlés gold mine, located in the Salas municipality of the Principality of Asturias.

Two of three missing Polish miners found dead -JSW

One man is still missing at the Zofiowka mine in southern Poland.

Dalradian up on resource update for Curraghinalt gold deposit

Document shows a 46% increase in gold ounces at the Northern Ireland project.

N. American gold ETF inflows at highest since September 2017 -WGC

North American gold-backed ETFs rose 43.7 tonnes worth $1.9 billion in April.

Poland's KGHM expects to match or exceed 2017 profit this year

The CEO also forecast that the copper price will exceed $7,000 by the end of this year, as analysts at Bank of China expect.

Nevsun shares soar as it rejects $1.2-billion bid from Lundin, Euro Sun

Nevsun, who declined the offer for the fourth time, said the proposal undervalued its Timok copper-gold project in Serbia and that junior Euro Sun was “not an attractive partner”.

Antofagasta shares, half-year production hit by Los Pelambres pipeline blockage

The miner said it would take up to three months for stocks to return to normal, which will affect both projected output and sales in the six months ending June 30.

Fura Gems finds giant emerald at historic Coscuez mine in Colombia

The 25.97-carat rough emerald is considered both “rare and exceptional” given its size, colour saturation and clarity.

Qatar steps in to buy Rosneft stake after China deal collapses

Qatar Investment Authority stepped in after the sellers -- a consortium of QIA itself and mining giant Glencore Plc -- told CEFC it wouldn’t proceed with the original deal announced in October.

Two miners dead, three missing after quake at Polish coal mine

A 3.4 magnitude quake hit the Borynia-Zofiowka-Jastrzebie coal mine in southern Poland on Saturday morning.

Qatar Petroleum says will list 49 pct of its shares in aluminium plant

The state energy giant will list 49 percent of its shares in the country's aluminium smelter plant Qatalum in a public offering.

Diamond museum opens in Belgium

The DIVA museum has a butler that allows visitors to peek inside various rooms where precious treasures are kept.