Europe Mining News

Greece to begin arbitration process over Eldorado mine plans next month

Government said it expects to settle its differences with the Canadian miner, which is developing the Skouries and Olympias projects in northern Greece, where it also operates the Stratoni mine.

Romania wants former mining city of Rosia Montana to be pulled from UNESCO list

Move could mean good news for Gabriel Resources' long-stalled namesake gold project.

De Beers marketing spend increase will boost global sales — WFDB

Although De Beers intends to spend most of the money on its own brands, Forevermark and De Beers Diamond Jewellers, all advertising is good for the wider diamond trade since it has a positive ripple effect.

De Beers to make largest investment in diamond marketing since 2008

Diamond giant will spend more than US$140 million in marketing this year.

Worker dies at Eldorado Gold Skouries project in Greece

Contractor employee was struck by a branch from a falling tree, resulting in fatal injuries.

Irish court approves Dalradian takeover of Minco

Toronto-based miner gains control over a 2% net smelter return royalty on the Curraghinalt gold project, in Northern Ireland.

India launches world's first diamond futures exchange

The Indian Commodity Exchange Limited (ICEX) will start trading in 1 carat/100 cent contracts, to later add 50 cent and 30 cent contracts.

Glencore to offload second coal mine in Australia in less than three months

Decision comes as the Swiss-based miner and commodities trader rethinks how to deploy capital as its cuts debt.

UK coal use drops to 135-year low

Once the engine of the Industrial Revolution rooted in the UK, coal is now less popular than ever as an electricity source.

Bacanora to complete Sonora lithium project feasibility study this year

Final study focuses on a two-phase open pit mine and lithium carbonate processing facility with a life of over 20 years.

Germany brings home $28bn worth of gold reserves

With the move, the country’s central bank has completed its plan to bring back home 54,000 gold bars that were still being held in foreign vaults.

Scientists figure out how to make it rain diamonds

It's the first time the event has been reproduced in a lab environment similar to the one within Neptune and Uranus.

Polish coal mining swings to profit on prices, restructuring

According to the Industrial Development Agency (ARP), net profit at Polish coal mines stood at 1.45 billion zlotys (US$400.06 million) in the first half of the year compared to a 800 million zlotys loss a year earlier.

Copper rally lifts Antofagasta’s profits — up 88% in first half of 2017

The miner believes a tightening global supply of copper will keep prices on the high-end of the spectrum this year and next.

More than 200 workers to go at Sandvik Materials Technology unit

Measure is part of a broader plan to restore profitability at the division, which saw adjusted operating profit fell by 37% in the second quarter of this year.

Metso searches for top execs, as it splits minerals services business

The division will be divided into two separate units beginning 2018 — Minerals Services and Minerals Consumables.

Is the next gold mine in Bulgaria

While Bulgaria may not be the first country investors equate with gold mining, executives at one TSX Venture Exchange-listed company are sitting on pins and needles waiting for the drill results that could prove their high-grade thesis.

De Beers partners with Stanford Graduate School of Business to empower youth and entrepreneurs in southern Africa

De Beers Group today announced a US$3 million investment in a three-year partnership with Stanford Graduate School of Business (GSB) to empower young, aspiring entrepreneurs and established business owners in Botswana, Namibia and South Africa.

Gem Diamonds mulls sale of halted Botswana mine as half-year revenue falls

The miner said it remains cautious about the state of the global market for both rough and polished diamonds, noting that financing challenges persist.

Zinc prices hit decade-high on shrinking Chinese stockpiles

Metal traded above $3,000 per tonne on the LME for the first time since November 2007.

Search for four missing workers trapped at Russia's Alrosa mine fails

Water level makes it "too risky" for rescuers to try accesing area where miners were believed to be when the accident happened.

UK lithium start-up gets $1.3 million to build new mine in Cornwall

Claims that Cornwall is sitting on a multibillion-dollar lithium bonanza will soon be tested as newcomer Cornish Lithium has now enough money to start exploring the region.

Alrosa to keep 2017 output target unchanged despite Mir accident

The world’s top diamond producer by output in carats still expects to produce about 39 million carats this year.

Stellar Diamonds extends sale of Guinea assets, refinances loan

The diamond miner decided to offload those units to focus on its Tongo-Tonguma project in Sierra Leone, which has the potential to generate earnings of $45 million a year.

Ancient coins show how empire shifted from Carthage to Rome

A study of Roman coins has shown how the defeat of Hannibal and the Carthaginian empire led to coinage spreading across the Roman Empire from silver mines in Spain.