Europe Mining News

Gold market mulling blockchain for $200 billion of supply

Gold is going digital.

Anglo expects expansion licence for Minas Rio in Brazil by Friday

Receiving the necessary licences would allow the company to continue operating in the state of Minas Gerais, where the iron ore mine is located, for at least another 15 years.

Antofagasta sees 2018 costs to reach $1bn on Pelambres expansion, equipment

Chile-focused miner also expects costs to rise on tailings dam expenditure.

France's Areva rebrands to Orano in dire uranium market

French uranium mining group Areva closing the book on a years-long restructuring but still facing an uncertain future, with uranium prices at decade lows.

Russia to invest $250 million in uranium exploration, production in Argentina

Agreement includes Russia’s state nuclear agency Rosatom commitment to build a nuclear power station in the South American country.

Alrosa inks long-term diamond supply deals with 67 clients

Miner aims at selling around 40 million carats of diamonds in 2018 provided market conditions are favourable.

Aurubis buys Codelco's shares in Deutsche Giessdraht

The parties have agreed not to release the transaction price.

Irish diamond miner to expand in Finland

Karelian Diamond Resources was granted a four-year exploration claim in the Kaavi region.

Gem Diamonds on a roll, now finds 149-carat rock

The 149-carat, D colour, Type IIa rough diamond is the fourth high quality stone of over 100 carats the company has recovered so far this year at its Letšeng mine.

Gold mine collapse in Uzbekistan kills one, about 20 trapped

A collapse at an abandoned gold mine in Uzbekistan has resulted in one death and roughly 20 trapped underground.

Lloyd's of London to divest from coal over climate change

Lloyd’s of London, the world’s oldest insurance market, has become the latest financial firm to announce that it plans to stop investing in coal companies.

2017's worst-returning precious metal becomes hedge fund darling

After lagging behind other precious metals last year, platinum is finally outperforming, and hedge funds are taking notice.

Bond market bear creating gold bull

Currently, there's a lot of good news for gold which thrives on the spectre of high government debt leading to more money-printing and inflation.

Platinum miner Lonmin's lenders relax loan agreements again

Lonmin's lenders had granted the company a waiver of compliance with a loan agreement that required its net worth to remain at a minimum of $1.1 billion.

OPEC-Russia oil deal renews threat from Canadian oil sands

A fresh surge in U.S. and Canadian oil production would wreck all of OPEC's hard work.

Tracking Europe's waste: 'There's gold in them landfills'

Some of Europe's richest deposits of valuable materials are in the trash, ranging from gold in smartphones to cobalt in electric car batteries.

Time to own gold: Sharps Pixley

"The best is yet to come, but not just yet. Patience," Sharps Pixley's CEO says.

Eldorado Gold reports in-line 2017 gold production

The Vancouver-based miner revealed that, including pre-commercial production from the Olympias project in Greece, its gold production was of 285,919 ounces in 2017.

European metals technology companies want to lead anti-corruption fight

Following the 2016 launching of the Collective Action Initiative for the Metals Technology Industry, the program announced today that it has added a new member.

Glencore shrinks job of billionaire copper head amid Congo probe

Aristotelis Mistakidis will lose control of industrial copper operations including mines and focus on the trading side of the business.

Acacia Mining's Q4 output down on Tanzania export ban

The London-listed miner said production in three months to Dec fell 30 pct to 148,477 oz. compared with a year ago and 22 pct from the previous quarter.

Gem Diamonds shares on fire as miner finds 910-carat rock

Massive find is believed to be the fifth biggest gem-quality diamond ever found

World seaborne coal trade rose 1.5 pct in 2017 – German importers

This rise happened due to a recovery in output in producer countries such as the United States, Russia and China and an accompanying rise in export activity.

“I’m starting to see the hype in this mining cycle:” Warren Irwin

Rosseau Asset Management CEO Warren Irwin sees encouraging and warning signs in the current mining cycle.

Tenova TAKRAF defines the new generation of extreme class crushers

Tenova TAKRAF has recently developed a symbiotic niche in the oil sands industry.