Europe Mining News

South African diamond provides new clues on Earth's internal processes

A mineral usually found at depths of 700 km found ensconced within diamond near Earth’s surface for the first time.

Antofagasta’s Los Pelambres copper mine workers vote to strike

Unionized workers company’s latest offer for a collective labour agreement.

Platinum market forecast to remain in balance in 2018

Global platinum supply is forecast to be 7,815 koz in 2018, a decline of 2% from 2017.

Swedish Boliden innocent in Chile toxic waste dump case — court

Swedish court has ruled that local miner Boliden won’t have to pay over $12 million (100 million Swedish crowns) in compensation for health problems allegedly caused by toxic waste it dumped in northern Chile.

EU warns Trump of trade war, China raises concerns at WTO

Europe and the IMF urged Donald Trump on Wednesday to step back from the brink of a trade war, after the resignation of his economic adviser emboldened those encouraging him to push ahead with tariffs on imported steel and aluminium.

Gem Diamonds on fire, finds sixth giant rock this year

Latest discovery is a 152-carat, top white colour Type IIa diamond, dug up at the company's flagship Letšeng mine in Lesotho.

Finland's former Talvivaara files for bankruptcy

Finland's Ahtium Oyj , previously named Talvivaara Mining Company has filed for bankruptcy after failing to secure financing for future projects.

Gold explorer moves ahead quickly to release maiden resource

Velocity Minerals Ltd. (VLC:TSX.V) on March 5 released a maiden resource for its Rozino Gold Project in Bulgaria.

Sirius seeks $2bn in government-backed debt for Britain’s biggest fertilizer mine

Securing the debt will be the final milestone to bring the York project into production.

Will Five Star Movement shine on gold?

The Italian election could affect the gold market via two channels.

Brazil court denies Norsk Hydro request to resume production

Norsk Hydro ASA to resume full operations at its unit Hydro Alunorte, a court said, in the latest setback after allegations it had contaminated water in the area.

ALROSA rough diamond reserves grew to almost 1.2 billion carats in 2017

Total diamond reserves, taking into account the explored deposits under the National Reserves Committee standards, increased by 57.8 million carats during the year.

De Beers rough diamond sales for Cycle 2, 2018

De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the second sales cycle of 2018.

Global diamond supply expected to decrease this year

Paul Zimnisky, an independent diamond industry analyst, estimates supply will fall 3.4% to 147 million carats.

UK firm pilots using blockchain to help BMW source ethical cobalt

The competition is intensifying to use blockchain to try to eliminate battery minerals produced by child labour.

Sudden jump in zinc stocks threatens bull party: Andy Home

The London zinc price has been on a two-year romp, hitting a 10-year high of $3,595.50 a tonne last month.

Zinc turned upside down as prices tank and stockpiles surge

The zinc market is making a U-turn.

Britain postpones decision on new coal mine

The government has delayed expected decision on whether to allow a new coal mine in northeastern England.

Stellar Diamonds mulls takeover offer as losses deepen

Miner posted a net loss of $984,928, compared to a $663,145 loss a year earlier, due to an increase in costs of developing its Tongo-Tonguma diamond project in eastern Sierra Leone.

Trump has spoken with world leaders, no tariff exemptions

President Donald Trump announced on Thursday he would impose hefty tariffs on imported steel and aluminum to protect U.S. producers.

Stellar Diamonds Sierra Leone project takes key step forward

Funding for the project has not been secure yet, though the miner is in talks with Newfield Resources over a possible offer.

FLSmidth now the official owner of Sandvik Mining Systems

With the deal, FLSmidth has taken over the Swedish equipment and tool manufacturer’s continuous surface mining and minerals handling technologies.

Anglo American concludes sale of three coal mines in South Africa

The deal includes the New Vaal, New Denmark and Kriel mines, as well as various mine life extension projects.

Billionaire Lundin chases base-metal buy with $3 billion budget

Copper ‘might be the easiest asset to work with:’ Lukas Lundin.

Platinum price crashes through $1,000 after German diesel ban

Emissions scrubbing in vehicles accounts for over 40% of platinum demand, and landmark ruling will hasten demise of engine technology.