The Euro Sun describes it as one of the largest mineral deposits in the European Union.
Europe Mining News
U.S. authorities had given Russian tycoon Oleg Deripaska until Dec. 12 to reduce his holdings in the three companies but said in a statement that the deadline had been moved to Jan. 7, 2019.
Germany has earmarked 1 billion euros ($1.2 billion) to support a consortium looking to produce electric car battery cells and plans to fund a research facility to develop next-generation solid-state batteries.
We are now working on internal approvals for the final stage of talks - Daniel Ozon, CEO Prairie Mining
Q3 down 61% from 2017.
Worst October since the 2008 financial crisis.
Industry sources say automaker interest bodes well for the contracts, but new contracts usually take years to gain traction and a lack of interest from steelmakers could slow the process.
The link’s capacity increased to 1 million barrels a day from 900,000.
While MMK said it sees stable demand for steel products in its markets, it warns that global steel prices could put pressure on results.
The Zaldívar copper mine in Chile, a joint venture between Antofagasta and Barrick, will be able to replace greenhouse gas emissions equivalent to 350,000 tonnes per year, or about 87,000 vehicles annually.
Arcelor reported a 42 percent year-on-year increase in third-quarter core profit (EBITDA) to $2.73 billion, roughly in-line with analyst expectations.
After 14 public hearings, the Montagne d'Or project is taking some steps forward.
The government is keen to develop the mine which holds an estimated 7.4 billion tonnes in reserves.
Nornickels consolidated copper output has risen by 20% to 290,878 tonnes in the first nine months of 2018.
Outotec now expects its adjusted 2018 EBIT margin to be in the range of 5-6% against the previous target of 5-7%.
So far in 2018, Gem has found thirteen diamonds over 100 carats, two of which were found in the third quarter.
President Vladimir Putin, who attended the opening ceremony, said the new operation reinforced the state-controlled firm's position as a diamond world leader.
Following two innovation summits between ICMM members and suppliers, a governance model for collaboration has been designed.
Nyrstar's CFO Michel Abaza said that no decision had yet been taken on how to tackle the company's debt levels but that the board would come back with a decision in the coming months.
The plunge is a result of lower zinc treatment charges, rising energy prices and higher operating charges.
The gold miner has given up on Kumtor and decided to focus its efforts on completing a deal for Armenia-based Kapan Mining instead
Alrosa has joined rival De Beers' Tracr industry blockchain traceability platform, aimed at clearing the supply chain of imposters and conflict diamonds.
Government and unions reached a deal that will see €250 million invested in mining regions over the next ten years,
"Our goal is to complete the plant by the end of 2020, with commercial production commencing at the start of 2021," Joni Lukkaroinen, CEO of Terrafame
Malfunctioning furnaces tank Outotec's shares.