Europe Mining News

UK explorer makes high-grade silver discovery in Ethiopia

The discovery was made at the Daro project, located in the Tigray Regional State of northern Ethiopia.

Russia sets aside 10B roubles to buy aluminium

Russia makes a move to support sanctioned aluminium producer Rusal.

'Passionate' electric car owners to drive growth, Shell says

Social desirability is important enough for consumers to ignore that battery-powered technology is currently more expensive than internal combustion engines.

Eldorado Gold’s Bolcana project has 6.5m ounces of gold

The inferred resource of 381 million tonnes was based on 98 diamond drill holes Eldorado completed mainly in 2017 and 2018 and a further 17 drill holes by European Goldfields between 2002 and 2004.

UK's Banks Mining wins challenge to government rejection of new coal mine

Britain's High Court quashed the government's rejection of the new mine on the grounds that the minister did not provide adequate evidence for his decision.

Bluejay Mining enters final permitting stages for massive ilmenite project in Greenland

Dundas is the world's highest grade deposit of ilmenite. Bluejay expects an initial output of around 50,000 tonnes, which will increase to 300,000 tonnes per year.

Galantas Gold shares soar after court confirms Irish mine consent

A judge ruled that an appeal brought forward by a local resident had failed and confirmed planning consent for an underground gold mine.

Foraco’s camp in Niger attacked by terrorists

An unnamed source told Reuters that the assailants were believed to belong to Nigerian jihadist group Boko Haram.

Zinc market enters period of peak tightness: Andy Home

Given the tightness in zinc metal availability, smelter supply currently trumps mine supply.

Nornickel aims to boost output to tap electric car boom

Nornickel’s current capex plan includes $6.5-7.5 billion for its base investment programme and $2.5 billion for its environmental programme.

Rio Tinto, Nespresso join forces to make coffee pods greener

Both companies are seeking to position themselves as sustainable to boost their investor and customer appeal

China's CEFC paid out compensation after Rosneft stake deal fell through

CEFC had signed a deal to buy 14.2 percent of Rosneft from Qatar and Glencore when CEFC Chairman Ye Jianming was put under investigation by the Chinese authorities for suspected economic crimes.

Silver becomes key component for ultra-efficient solar cells

"This constitutes a first step towards the production of novel electrodes for highly efficient solar cells and lights.”

World Gold Council announces update to AISC guidance

It is expected that companies may choose to use the updated guidance starting January 1, 2019.

Volkswagen to spend $50 billion on electric car 'offensive'

German automaker is also considering involvement in battery production.

Germany's K+S axes earnings guidance as severe drought hits production

The Germany-based fertilizer producer now forecasts earnings before interest, taxes, depreciation and amortisation (EBITDA) between 570 and 630 million euros, compared with previous forecast of 660 to 740 million euros.

Antofagasta approves $1.3B expansion of Los Pelambres mine

The company said the expansion, to start in early 2019, would add an average 60,000 tonnes of copper a year to its production over the first 15 years of operation.

Miners' spending on hunt for copper, EV metals hits $10 billion

Budgets jumped about 19%, outpacing last year’s gain.

Electric vehicle revolution goes underground with mine truck

Swedish mining equipment maker Epiroc AB is aiming to electrify all its underground machines within five years.

VW to convert three German plants to build electric cars

Emden, Hanover and Zwickau will form the largest network for the production of electric vehicles in Europe.

Diamond industry fails to clean up its act

The diamond industry must go beyond just lip service and meaningful measures to bring itself into line with international standards.

Nyrstar plunges as analyst warns shares will get wiped out

Abandon ship!

JP Morgan's co-head of metals to leave around end of the year

Sid Tipples, joint head of JPMorgan's metals business, will leave the bank around the end of the year.

Caterpillar steps up game to keep leadership in North America

In the past two years, Cat  has  been  working  on  growing  its  offering,  particularly  in  the  underground  segment,  as  well  as  filling  up  some  gaps  in  terms  of  trucks  sizes.

RSC Mining and Mineral Exploration partners with Terra Modelling

The agreement provides a considerable combined offering to the mineral exploration and mining market.