Europe Mining News

Alrosa to acquire one of the world’s largest diamond polishing firms

Russia's Kristall cuts around 300,000 carats annually and generates revenue of around $200 million.

WGC latest report shows how weak gold demand has been this year

Global demand dropped so much between January and March that the period became the weakest first quarter since the 2008 financial crisis.

UK-based explorer granted licence surrounding historic gold mine in Sweden

Erris Resources was granted a new 100% owned gold exploration permit, Enåsen no.5, which is located in central Sweden.

Paris asks insurers to ditch coal

Paris City Council passed a motion last night where its members ask the CEOs of the world’s largest insurance and reinsurance companies to stop insuring coal projects.

The benefits and pitfalls of mining automation

Automated mining technologies require governments and the mining industry to consider how efficiency gains will change local mining communities.

Climate resolution at Rio meeting heralds coming climate avalanche: Russell

Rio Tinto shareholders that voted in favour of a resolution calling the miner to review its membership of the Minerals Council of Australia (MCA) and other lobby groups.

Glencore's Congo mining conundrum

The miner and commodities trader is embroiled in a legal tangle over its copper and cobalt operations in Democratic Republic of Congo, where conflict and changes to regulations have deterred many mining firms.

War on coal making the world's top mine owners a lot richer

Anglo American Plc, Glencore Plc and BHP Billiton Ltd. are generating the highest profits in years from their coal mines.

Chaarat Gold offer to Centerra values Kumtor mine at $800 million

The proposed acquisition means Chaarat would own Kumtor and will have control over management and operations of the mine.

After Tesla debacle, Denmark reconsiders electric car subsidies

Prime Minister Lars Lokke Rasmussen said the goal is to make the economy greener and less vulnerable to swings in commodities markets.

Battery metals supply crunch to slow near-term EVs growth — Moody's

Lack of new projects, investment deficit and increasing political risk will hit supply of cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars.

Halted Botswana diamond mine to be sold at online auction

The Lerala Mine was opened in 2008 and had to be shut twice due to weak sales, until it was placed under judicial management last year.

Even Europe’s biggest coal addict now wants to clean up its act

Poland has about $30 billion of planned wind projects 30 kilometers (19 miles) out in the Baltic.

Sweden's Sandvik to buy Metrologic in digital manufacturing push

Sandvik said on Friday it was buying the French software company from private equity firm Astorg Partners.

France's ERAMET bids $218 mln for Australia's Mineral Deposits

ERAMET said the offer would enable the full consolidation of the TiZir joint venture.

ALROSA and AWDC signed a new cooperation agreement

The agreement continues positive cooperation experience between the parties and expands bilateral interaction in line with new challenges of the market.

Sale of 910-carat rock boosts Gem Diamonds revenue, stone prices

The company's revenue jumped a whopping 174% in the first quarter of the year thanks to strong demand for its rough rocks and the sale of a 910-carat diamond, the fifth-largest ever found.

Fate of Centerra mine not sealed as Kyrgyz-owned company yet to see takeover bid

Kyrgyzaltyn has yet to see an offer by Chaarat Gold Holdings to acquire Kumtor mine, which is the Central Asian nation’s largest gold operation.

Lower copper grades take toll on Antofagasta first quarter output

Copper production fell to 153,800 tonnes from 171,900 tonnes, due mostly to lower grades at the company's Centinela and Los Pelambres mines.

Spanish activists reject reopening of Los Frailes mine

On the 20th anniversary of the breach of the tailings pond at the Los Frailes mine in Spain, environmental organizations held a press conference to alert the public about the possibility of a similar accident taking place.

Caterpillar results prove global economy in good shape

The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.

First-quarter profit rise at Sweden's Sandvik marred by mining miss

Its shares are still up more than 10 percent in 2018, outperforming a flat European industrial sector index.

Centerra rejects unsolicited offer for its Kumtor gold mine in Kyrgyzstan

Centerra and Kyrgyzstan have had a series of disputes over sharing profits from Kumtor, and London-listed Chaarat was offering the nation to increase its stake in the project’s cash flow in the three-way deal.

Anglo delays Minas Rio restart until year-end, will lose about $400 million

The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes.

Poland's KGHM says Q1 copper sales fall 12 pct yr-on-yr

KGHM also said in a statement that silver sales fell in the same quarter by 16 percent to 212.6 tonnes.