Europe Mining News

Shell, partners approve huge $31 billion LNG Canada project

This is the largest new LNG project of its kind in years.

Scientists weigh call for much deeper cuts to coal pollution

Coal currently feeds about 27% of the world’s energy demand.

K+S flags $93m hit on Q3 profit due to drought

Transportation of considerable amounts of waste water to offsite storage basins will likely cause extra costs over the next few months.

EFG and EGU establish dialogue with policy makers on how the geosciences can help overcome Europe’s major societal challenges

The dinner debate allowed researchers, policymakers and industry leaders to assess together how greater collaboration between these groups can help Europe.

Tiberius tests its metals in crypto backed by copper, gold

The Swiss asset manager and commodities trader will use blockchain technology to account for trades and aims to offer investors the option to use its coin as a digital currency.

Greece expects one-month extension in coal-fired plants tender

Greek utility Public Power Corp. (PPC), which is 51 percent state-owned, is selling three coal-fired plants and one still to be built.

Russia's Petropavlovsk sees net profit next year as key project boosts output

Petropavlovsk swung to a net loss of $24.8 million in the first half on rising costs and lower sales but declined to give a forecast for the full year.

Czech coal baron says island home protests are PR stunt by rival

Zdenek Bakala claims the people who marched through the streets of the coastal Hilton Head Island resort chanting “Bakala is a creep! He’ll steal your home while you sleep!” were actually paid by a rival to harass him.

Glencore to double size of $1B share buyback program

Moves follows a growing number of world’s top miners returning more money to investors this year.

Alkane to go underground at Tomingley and looking for more gold

Alkane’s Board has approved the development of the underground mining operations at its Tomingley Gold Operations.

Mining tech firm Outotec to pull out of Iran

Finnish mining technology company Outotec will pull out of Iran due to the new U.S. sanctions.

Nyrstar profit warning highlights zinc's disconnects

Belgian zinc producer Nyrstar issued a profit warning last week, citing "adverse market conditions".

Anglo-Australian miner wants to explore the Pyrenees

Apollo Minerals talks about its project on the Spanish-French border.

Germany's move to scrap coal is said to boost cost for taxpayers

Chancellor Angela Merkel’s plan to close Germany’s remaining coal-fired power stations will drive up subsidies for regions that mine the commodity.

Shanghai sets challenge to New York, London in copper options debut

Almost 18,000 lots traded in debut day, equal to 90,000 tonnes of metal.

Deep sea robots reveal mineral riches in the abyss

The scientists, from the University of Bergen in Norway, are sending robots 2,500 metres (8,000 feet) down into the waters between Norway and Greenland.

Rio Tinto’s exit from coal pays off, to return $3.2B from sales proceeds to shareholders

The fresh round of returns follows Rio’s promise in August to give shareholders up to $7 billion through dividends and share buybacks.

Norsk Hydro not buying Rio Tinto’s aluminum plant in Iceland

The Norwegian firm, one of the world’s top producers of aluminum and alumina, said the deal faced opposition from European regulators.

VSMPO-Avisma and Boeing launch new titanium joint-venture in Russia

VSMPO-Avisma, the world's largest titanium producer, and US planemaker Boeing have launched a new manufacturing unit in Russia.

Poland's JSW seeks ministry approval to buy Prairie Mining assets – CEO

Poland's state-run JSW awaits approval from the Energy Ministry in its bid to acquire the mining assets of Australia's Prairie Mining

Top nickel miners ranked

Vale on top.

Russian giant copper project in talks to raise $1.25B

A company owned by Russian billionaire Alisher Usmanov is in talks to raise $1.25 billion from Russian banks by the start of 2019 to build a massive mining and metallurgical plant at Russia's biggest untapped copper deposit.

Eldorado demands $877m from Greece as compensation for permit delays

The non-judicial request relates to damages suffered by the company as a result of a longer-than-expected wait for its Skouries project's permits.

Britain's Tamar takes coking coal complaint to Polish PM

Tamar Resources wants to reopen the state-owned Krupinski mine in Silesia as a coking coal mine.

Spain's nuclear watchdog requests more info on Berkeley uranium mine

The project, which would become the European Union's only open-cast uranium mine if given the go-ahead, has faced local opposition since it was proposed.