Europe Mining News

Centamin shares fall after reporting profit and production declines

Despite the drop in production, the gold miner kept guidance unchanged for its 2017 financial year at 540,000 ounces.

K+S Potash cuts the ribbon at its Canada’s Legacy mine, now ‘Bethune’

It's the first potash mine built in the Canadian province of Saskatchewan in more than 40 years.

Greece to sell coal-fired plants, mines as part of bailout deal

Athens will begin testing the waters for such sale in November, with the goal of wrapping up the sale by June 2018.

South32 buys stake in Canada’s Arizona Mining for $81 million

The Perth-based miner has agreed to purchase 45 million shares of the Canadian junior at a price of $2.45 per share, or about 15% of Arizona Mining’s outstanding shares.

Record outflows from gold ETFs as price plumbs 3-week low

It's been a rough set of trading sessions for the yellow metal.

Stellar Diamonds jumps on Tongo-Tonguma tribute mining agreement

Deal creates one of the largest diamond mines in West Africa.

Norilsk Nickel sues Botswana over thwarted mine stake deal

The Russian miner wants to recover $271 million it lost when a state-backed company failed to complete the acquisition of a 50% stake in its Nkomati mine in South Africa.

Czech mining industry pins hopes of revival on lithium

The European country holds between 1.2 to 1.4 million tonnes of lithium, located mostly around the tiny village of Cinovec, on the border with Germany.

Fresnillo silver output up almost 11pct in first quarter, but gold falls

The firm, the world's largest primary silver producer and Mexico's second-largest gold miner, said output of the grey precious metal hit 13.5 million ounces in the quarter.

Caterpillar soars as first quarter sales jump for first time in over two years

The giant equipment maker's quarterly profit surged past estimates helped by a recovery in most of its end markets.

Sandvik starts the year with better-than-expected profit

Miners have begun spending in equipment again, the Swedish firm's results show.

More iron ore comes to the market as Anglo’s output soars in Q1

Both iron ore and diamond output rose in the first quarter thanks to a continued ramping-up of the company's Minas Rio mine in Brazil and improvements in the gem market.

Galantas Gold plummets as it halts Irish mine expansion on terrorism fears

The miner had to put its plans on hold because the Police Service of Northern Ireland said it cannot secure daily anti-terrorism cover for its blasting operations at Omagh gold mine.

BHP top shareholders step up pressure for oil spinoff

They're pressing the company not only to accept a proposal by activist investor Elliott Management to spin off its US petroleum business, but to fully demerge all of its oil and gas assets.

Harrogate company helps discover diamonds

A family-run Yorkshire firm has just dispatched its largest order – nearly three miles of hoses to a diamond mine in Angola.

India’s Supreme Court won’t try forcing UK to return Kohinoor diamond

The court said it cannot interfere in the diplomatic process nor can it direct another country to not auction the gem.

Strike at Escondida hurt Rio Tinto copper output

Production for the first three months of the year slumped 37% compared with the same period of 2016.

Expanding scrap processing and covering more ground with the new mobile equipment of Metso N-Series

The new Metso N-Series Mobile Shear/Baler/Logger (NMS) and N-Series Box Shear (NBS) have been developed with active and mobile scrap processing companies in mind.

Metso advocates for more data-driven operations

The Finnish industrial machinery company presented its new digital platform Metso Metrics Services at CONEXPO-CON/AGG 2017 in Las Vegas

Climate change and risks to fossil fuel industry: sustainability train has left the station

Burning coal, oil, and natural gas is responsible for two-thirds of humanity’s emissions of greenhouse gases, and yet provides more than 20% of GDP in two dozen nations.

Developing Health and Safety in Mines

The phrase “Zero Harm” is a widely used strapline throughout the mining industry as we try to combat having reached, statistically at least, a safety plateau.

Turkmenistan opens bid process for country’s second potash plant

The new plant, to be based at the Karabil potash deposit, is estimated to be worth about $1.4 billion.

Another potash mine coming soon to Canada’s Saskatchewan

Western Potash said it’s moving ahead with its Milestone project, expected to produce 146,000 tonnes of potash annually over 12 years of planned operations.

South32 drops $200 million plan to buy Peabody coal mine

The miner said it was unwilling to take the steps required to satisfy Australian steel makers to get the approval of the transaction, which would have its major deal since spinning off from BHP in 2015.

Two Englishmen find gold bars in old Iraqi tank

The estimated value of the bars is of $1.4 million