Europe Mining News

Planetary Resources a step closer to mining asteroids with spacecraft launch

Data obtained from the Arkyd-6 will be use in the development of the Arkyd-301, Planetary Resources next spacecraft platform and the beginning of its space resource exploration program.

Alrosa buys stake in Angola's largest diamond deposit for $70 million

Deal provides the diamond giant with access to a production base outside Russia.

Alrosa 2017 sales fall to $4.3bn on lower average price for rough diamonds

Russian miner said the price decline for rough diamonds was due to the changed sales assortment resulting from an increased demand for small-sized rough rocks from India.

Bacanora seeks expansion of German lithium project with newly acquired exploration licence

The Falkenhain deposit, in the German state of Saxony, is located about 5 km from another Bacanora asset in Germany — the 50%-owned Zinnwald lithium project.

Liberty House makes binding offer for Rio Tinto's French aluminium smelter

Liberty House is the industrial arm of British steel tycoon Sanjeev Gupta's GFG Alliance and Rio's aluminium smelter in Dunkirk, France, is the largest in Europe.

Centamin jumps on better-than-expected gold output estimates

The Egypt-focused gold miner also expects solid growth this year. It’s targeting 580,000 ounces in production, up from an estimate of 550,000-560,000 ounces.

Growth of European gold-backed ETFs outpaces U.S. funds in 2017 -WGC

Though North America contained more than half the amount of global exchange-traded fund holdings, European funds added the most to their gold-backed ETFs last year.

Gem Diamonds, Lucapa kick off 2018 with massive findings

The rival companies have unearthed three diamonds larger than 100 carats each.

House of Cards' $1.3-million diamond-encrusted bottle of vodka stolen

The Russo-Baltique bottle belongs to Dartz founder Leonard Yankelovich.

The gold market in 2017

2017 seems to be a dull period for gold. However, all that does not fluctuate like Bitcoin is not uninteresting. Let's take a look.

Endeavour sells its mine in Ghana

The London-based miner sold its 90% stake in the project to BCM International. The remaining 10% is held by the Ghanaian government.

Commodities forge record-setting rally as BP to miners surge

The Bloomberg Commodity Index, which tracks returns on 22 raw materials, was poised for an unprecedented 15 days of gains on Thursday.

Union at Chile Lomas Bayas mine far from deal with Glencore

Unionized workers at Glencore's Lomas Bayas copper mine rejected a final contract offer and began government-facilitated mediation Thursday to avoid strike.

Alba wants to reopen gold mine behind three generations of royal wedding rings

Gold from Clogau St David’s mine in North Wales is behind the wedding bands of the Queen Mother, the Queen, Princess Margaret, the Princess Royal and Diana, Princess of Wales.

Germans invest heavily in gold in 2017, Deutsche Boerse says

Gold is seen as a safe haven for investors during times of uncertainty. Spot gold prices gained about 14 percent during 2017.

Mining in 2018: Copper price to power on

Markets where technology hasn’t substantially shortened the supply cycle and where cost are rising (ie copper) have the greatest long-term upside in prices

Court orders Zambia Vedanta unit to pay state firm $139 million

London court has ordered KCM to pay state mining company $139m in a claim related to copper price, raising by $36m the amount originally ordered to pay.

2018 feels ripe for ‘big unexpected crisis,’ Eurasia group says

This year could see a geopolitical crisis on the scale of the financial crash a decade ago, Eurasia Group President Ian Bremmer says.

Gold's best run since 2011 exposes `global complacency' on rates

Bullion for immediate delivery advanced 0.9 percent to $1,315.08 an ounce at 2:15 p.m. in New York, according to Bloomberg generic pricing.

The EU starts to lead the Kimberley Process

Even though the system has received criticisms, its 54 participants seem committed to making it work.

Vale to get $1.35 billion less for fertilizer business

The South American miner wants to retain control of the TIPLAM port terminal, which is an asset originally included in the deal.

Diamond prices were okay in December, not so good throughout 2017

Rapaport says that following a better-than-expected holiday season, polished diamond prices stabilized in December 2017.

Patagonia Gold to pay $15 million for gold/silver project in Argentina

Patagonia’s plans have reignited a long-standing debate related to the environmental risks of open-pit operations that use of cyanide leaching technology.

Renewables generated triple the power of coal in 2017, UK figures show

British wind farms generated more electricity than coal plants on more than 75% of days this year.

Prosecutor orders three years of jail time for Spaniard couple with murky investments in Congolese copper mine

The pair invested approximately $1.9 million in shares in Mhyrre Minerals and Metal SPRL.