Europe Mining News

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.

Scotland to have its first commercial gold mine

Scotgold Resources plans to build an underground operation with an initial production capacity of 12,000 ounces of gold annually for up to 17 years.

Fresnillo tanks as 2017 profit misses expectations, says costs to rise

The Mexico-focused precious metals miner expects cost inflation this year to be about 7%, compared with the 6.4% it faced in 2017.

Norsk Hydro buys Rio Tinto aluminum assets for $345 million

The proposed acquisition also includes an offer for Rio’s 53% stake in the Aluchemie anode plant in the Netherlands and its 50% share in the Alufluor aluminum fluoride plant in Sweden.

Lucara Diamond names new CEO, invests in digital sales platform

Together with naming new top execs. the Canadian miner is acquiring Clara Diamond Solutions, which uses blockchain technology to trace diamonds as they move through the supply chain.

Galician MP denounces tailings pond breach

Lídia Senra filed a complaint before the European Commission denouncing the breach of a tailings pond in the Touro municipality.

German scientists to build machine that speeds up urban mining processes

Some urban mining already takes place in the EU but it involves melting devices together in a furnace and removing the most valuable metals.

Robust and reliable data communications support more effective mining operations

At Vršany Lom, communication network challenges have been overcome with the implementation of robust industrial networking technology from Westermo.

Zimbabwe resumes diamond sales, expects to auction 1.56 million carats

A test sale was conducted and, according to the Minister of Mines, it was a total success.

Mandalay’s coffers suffered from Cerro Bayo’s downtime

The CEO of Mandalay dubbed 2017 as a challenging year for his company.

Corruption perceptions index 2017

This year’s Corruption Perceptions Index highlights that the majority of countries are making little or no progress in ending corruption.

Rio Tinto says changing structure, moving some staff

Rio Tinto, the second biggest miner by market capitalisation, has listings in London and Australia, a headquarters in London and an Australian office.

De Beers diamond output to peak this year thanks to Gahcho Kue

The unit of Anglo American intends to mine as much as 36 million carats this year, up from 33.5 million in 2017.

Anglo American 'shows off' — doubles profits, halves debt, pays highest divvy in a decade

Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden.

Canada the world's overall top mining destination, despite Saskatchewan fall

That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year.

Weir Minerals launches Multiflo RF dewatering pump

The Multiflo® RF range includes seven new units, each designed to maximise efficiency no matter the application.

Russia's central bank gold hoard is now bigger than China's

Russia has overtaken China as the fifth-biggest sovereign holder of gold.

Apple in talks to buy cobalt directly from miners — report

Electronics and car makers are racing to lock in supply agreements for cobalt amid fears of shortage.

Miners rich in cash are aiming for fat dividends, debt payments

The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors.

Glencore gives investors $2.9bn in dividends after ‘strongest’ results ever

The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise.