Europe Mining News

China’s Zijin wins race for Serbia’s largest copper mine

RTB Bor copper mining and smelting complex was crucial for the country before the collapse of communist Yugoslavia. However, it later became a burden on the country’s struggling economy because of malpractices and international sanctions.

Special Report: The platinum opportunity – part 1

Over the past six months, platinum’s price has continued its multi-year decline, falling below $800 – close to its lowest level in a decade.

Canadian cobalt company says thieves stole 76 tonne hoard

Cobalt 27 stockpile worth $5 million stolen from Rotterdam warehouse.

Why battery miners are swarming Europe’s biggest rock collection

Being home to Europe’s biggest rock collection has finally come in handy for Sweden

Old coal mines in Glasgow to host geothermal research lab

Can old coal mines generate harnessable low-carbon heat for domestic use?

Chinese, Russian-owned companies place binding bids for Serbian copper mine

In July, Belgrade invited bids for a partner to invest at least $350 million in debt-laden RTB Bor but did not say how big a stake it would offer in return.

Russia may buy aluminium for state stocks to support Rusal -minister

Russia has a plan to support world No.2 aluminium producer Rusal against U.S. sanctions put in place in April.

China exporting alumina again as soaring prices upend market

Contracts to export over 140,000 tonnes of alumina from China were signed in July amid a favourable price arbitrage.

Chaarat Gold to buy polymetallic project as part of acquisition spree

Junior continues to pursue $800-million acquisition of Centerra Gold's Kumtor mine in Kyrgyzstan.

KGHM to go ahead with $2bn expansion of Sierra Gorda copper mine in Chile

Expansion and upgrades would extend the mine’s life by 21 years.

Scottish firm to launch UK's first asteroid mining mission

The company, which unveiled its development plans for the Asteroid Prospecting Satellite One (APS-1) last month, is hoping to raise £2.3million.

Fueling a town with waste

In Benin, six tonnes of organic waste are turned into biogas every week.

The secret to safer oil & gas pipelines: graphene

Only in the US, corrosion costs the oil and gas industry $1.4 billion a year.

Kremlin aide wants top firms to invest more rather than pay windfall tax

Kremlin aide Andrei Belousov said on Friday he would like major Russian firms to invest in social projects rather than pay higher taxes.

World's first autonomous and electric container vessel to launch in early 2020

About half the cost of the ship will be paid for by the Norwegian government.

Centerra, Kyrgyz Gov’t delay completion of deal over Kumtor mine

Extension of the deadline, the fifth one so far this year, seeks reaching final agreement that would end long-running dispute over the country’s largest gold mine.

Chinese, Canadian-Finnish, Cypriot firms bid for Serbia copper mine

China's Zijin Mining, Canadian-Finnish fund Champion and Cyprus-based U Gold have bid for a strategic partnership in RTB Bor, Serbia's only copper mine and smelter.

Russian ministries reject proposed windfall tax on metals and mining firms

Russian government ministries have agreed that a proposed windfall tax on metals, mining and chemical companies was inappropriate.

Russia in gold buying spree ahead of tougher US sanctions

Moscow bought 26.1 tonnes of gold in July, more than in any other month this year.

Merkel allies pile on the pressure to keep coal plants running

Germany’s states are upping pressure on Chancellor Angela Merkel to keep coal-fired power for as long as 30 years as the nation approaches a deadline for setting an exit date from the fossil fuel.

Dalradian shareholders advised to back Orion Mine’s $230m takeover bid

The offer is priced at a 62% premium to the explorer’s share price at close on June 20, a day before it was announced.

Polymetal International declares dividends for H1

Polymetal International plc announced today that the Board of Directors of the Company has resolved to pay an interim dividend of $ 0.17 per share.

Three companies from Canada, China, Russia bid for Serbian copper mine

Serbia's government said it was seeking a partner to invest at least $350 million in debt-laden RTB Bor.

Lucara Diamond moves forward with ‘stone by stone’ sales plan

Miner will include Sarine’s mapping and planning technologies into its sales platform, which applies algorithms to match rough diamond production with polished manufacturing demand on a stone by stone basis.

Metso is relocating its waste recycling business in Denmark

Metso has decided to relocate its' waste recycling business to new built factory and office facility in Denmark. Part of the relocating costs will be funded by selling the current property and estate in Horsens, Denmark. Metso has received a firm purchase offer from a local developer.