Europe Mining News

Stellar Diamonds to operate Tonguma mine in Sierra Leone

The company originally intended to combine its Tongo project with Tonguma, but it has now decided to become the mine's operator.

Glencore’s profit soars on commodities rebound

A surge in commodity prices combined with its multibillion-dollar asset fire-sale has put the company in a position to pay big dividends and explore acquisitions.

Caterpillar touts automation solutions as top miners swing back to profit

The world's No.1 heavy machinery maker is telling miners not to rest on their laurels now that the industry is finally coming back up from a brutal downturn and keep focused on maximizing returns and efficiency.

Anglo American not selling assets any more as it returns to profit

The world's number five diversified miner posted its first annual net profit in five years.

Global steel production is surging in 2017

Up 7% year on year across all regions, supporting rally in iron ore and rebound in coking coal prices.

Misinformed in the Age of Information: What is the ‘fake news’ impact on stock market prices?

While the phrase is on many people’s lips, the impact of fake news on the financial markets and high-frequency trading is not yet clearly defined.

World’s biggest miner hasn’t given up hope for potash

BHP Billiton still sees potash as a key commodity in which to base its future growth despite prices for the fertilizer remain weak.

CHARTS: The gigantic paper market to price gold

The gold market dwarves turnover on the Dow Jones and the S&P 500 combined, German and UK government bonds and even some of the top currency pairs.

De Beers Forevermark passes 2,000 global retail doors

Forevermark, the diamond brand from The De Beers Group of Companies, today announced it has passed 2,000 retail doors globally, following the opening of the Zen Diamond Anatolium store in the city of Bursa in Turkey. The milestone consolidates Forevermark’s position as one of the world’s fastest-growing diamond brands.

Enbridge buys stake in one of Europe’s largest wind parks for $1.7bn

The Hohe See wind park, to be located in the North Sea, has a planned capacity of about 500 megawatts.

Kumba’s earnings doubled on higher prices, cost cutting measures

The Anglo American's unit logged earnings of $607 million for 2016, basically double the $304 million it recorded in 2015.

Finland inks $266 million deal to revitalize Europe's largest nickel mine 

A large but troubled nickel mine in Finland may be back on the road to profitability thanks to a recent deal that saw commodities trader Trafigura take a 15.5 percent stake.

DR Congo’s perfect storm

A leaked White House memo, which outlines the suspension of a portion of the Dodd-Frank rule on ‘conflict minerals’, will exacerbate already high levels of violence in DR Congo.

Anglo American to sell Kumba despite iron ore rally — experts

While iron ore prices have climbed 90% in the last year to over $80 a tonne, the sale of Kumba would prove prudent for Anglo's long-term outlook, given its high debt load, BMI analysts say.

Metso to support WWF Finland's work to protect Saimaa ringed seal and John Nurminen Foundation's Baltic Sea protection work

Metso has signed a sponsorship agreement with WWF Finland and the John Nurminen Foundation. Metso's support will be focused on the WWF's Saimaa ringed seal conservation work and on the John Nurminen Foundation's projects intended to improve the state of the Baltic Sea.

Investors keep flocking to gold, push metal to three-month high

Gold last up at $1,242.20 an ounce, after hitting $1,245.40 earlier in the day.

Rio Tinto logs first annual gain since 2013 on iron ore rally

Shareholders will be the main beneficiaries of the company's cautious approach to capital expenditure in the last three years as it will pay bigger-than-expected divvy of $1.70 per share.

Russia’s Alrosa January sales up 60%

The world's top diamond producer by output in carats fetched $358 million in rough gems and $7.28 million in polished rocks last month.

Rio Tinto gives shelved diamond mine to central Indian state

The Madhya Pradesh government will take ownership of the assets, including all the land, plant, equipment, and diamond samples recovered during exploration.

Mountain Province just found this massive diamond at Gahcho Kué

The 67.87-carat gem quality octahedron diamond, unearthed during production ramp-up, is the largest of its kind recovered to date at the remote mine.

CHARTS: Gold price propped up (only) by Western investors

New report shows 2016 inflows into gold ETFs in the US in Europe increased to second highest on record, but all other sources of demand dropped sharply.

CFO Eeva Sipilä appointed Deputy to the CEO of Metso

Metso Corporation's stock exchange release on February 3, 2017 at 8:30 EET

US mulls scaling back ‘conflict minerals’ rule

The US Securities and Exchange Commission is reconsidering the rule, which requires companies to trace and report whether their products contain minerals from a war-torn part of Africa.

Kumba Iron Ore settles tax dispute in South Africa

The miner, Africa's largest iron ore producer, will pay R2.5 billion, considerably less than the original R6.5 billion it had been asked to cough up.

Metso extends McHale role

Metso distributor in Ireland, McHale Plant Sales, has had their role on behalf of the Finnish crushing equipment manufacturer extended, little more than one year after they were first appointed distributors for the brand in Ireland.