Europe Mining News

China's Fosun sweetens offer for Gemfields

The precious stones miner has recommended shareholders to accept offer, despite considering it “unfair.”

Alrosa finds 62.75-carat diamond at prolific Jubilee pipe

The miner's Jubilee pipe is famous for its large finds.

Small-cap mining stocks, big-time opportunity

It’s a buyer’s market—if you know what you’re looking for.

Nickel production to grow for first time since 2013 — report

More supply will likely drag prices lower, as the metal already touched a one-year low of $8,680 per tonne on the London Metal Exchange last week and is down more than 10% this year.

DMCC and ALROSA extend cooperation in Moscow meeting

World leading diamond mining company looks to grow with DMCC and Dubai

De Beers sends world’s top diamond-searching ship to explore off coast of Namibia

Them mv SS Nujoma is the sixth diamond exploration vessel to join the fleet of Debmarine Namibia, a 50/50 joint venture between the government of that African country and De Beers.

Gemfields beats own ruby sales record at Singapore auction

It sold $54.8 million worth of rubies, a record high for any Gemfields auction and a 24% increase in revenue from the previous record.

China's Fosun spices up battle for Gemfields with 10% bid premium

Gemfields, which mines for emeralds and amethysts in Zambia and for rubies in Mozambique, had already received a buyout offer from largest shareholder Pallinghurst Resources.

De Beers to host first auction for third-party exceptional polished diamonds

Sellers and buyers of responsibly sourced, exceptional polished diamonds will be able to transact anonymously via the De Beers Auction Sales platform for the first time this month, when the exceptional polished stones auction is held on 29 June.

Weir Group expands into Asia with Singapore firm acquisition

Move seeks strengthening the firm’s position as energy markets recover.

Mining the future

Positive response to the 14th MiningForum in Berlin

K+S Bethune mine in Canada churns out first tonnes of potash

The mine, which began operations last month, is expected to produce 600,000 to 700,000 tonnes of potash this year and 2 million tonnes per year once at full capacity.

Gem Diamonds finds two large rocks at flagship mine in Lesotho

The last time Gem Diamonds had had made a significant discovery at its Letšeng mine before April this year was in 2015.

World’s first International Centre of Excellence on Coal Mine Methane opened in Poland

The expert institution operating under the auspices of the United Nations Economic Commission for Europe will contribute to the development of new methods of capturing and use of methane as a valuable energy source.

Greece to take Eldorado Gold to arbitration court over project

Energy minister George Stathakis said the move aims to ensure the company respects its contractual obligations.

ALROSA’s revenue from diamond sales up 33% up to $472.1 million

ALROSA, the world leader in diamond mining, has announced diamond sale results for May and the first five months of 2017.

EU regulation on responsible mining will be ineffective

The EU regulation on mineral sourcing that comes into force today will not be effective enough due to its limited scope and delay in implementation.

Atlas Copco bets big on automation, grabs stake in software maker

The Swedish mining equipment maker is acquiring a 34% stake in Mobilaris MCE, which provides software to optimize underground operations.

Vault building booms as gold lures investors in turbulent world

Pickup in inflation across Europe increases demand for storage

Anglo American appoints takeovers expert as new chairman

Stuart Chambers, 61 and former chairman of UK chip designer Arm, will join Anglo as a non-executive director in September, replacing Parker in November.

The problem with our maps

Maps shape our understanding of the world – and in an increasingly interconnected and global economy, this geographic knowledge is more important than ever.

Russia's Polyus selling $700 million stake in Moscow, London

Russia’s biggest gold producer plans to sell 7% equity stake

IIDGR unveils industry-first synthetic screening device for testing multiple stones in set jewellery

The International Institute of Diamond Grading & Research (IIDGR), a De Beers Group company, today unveiled SYNTHdetect – the first synthetic screening device in the industry to test multiple stones in set jewellery at once without the need for a probe.

66-year chart of beer vs gold price may lead to (heavy) drinking

New report says don't wait 'til Octoberfest to pour money into gold market.

Top diamond miner's 36-year-old chief to prove himself with cuts

Son of Putin ally to focus on reduced costs in new role as CEO