Europe Mining News

Two of three missing Polish miners found dead -JSW

One man is still missing at the Zofiowka mine in southern Poland.

Dalradian up on resource update for Curraghinalt gold deposit

Document shows a 46% increase in gold ounces at the Northern Ireland project.

N. American gold ETF inflows at highest since September 2017 -WGC

North American gold-backed ETFs rose 43.7 tonnes worth $1.9 billion in April.

Poland's KGHM expects to match or exceed 2017 profit this year

The CEO also forecast that the copper price will exceed $7,000 by the end of this year, as analysts at Bank of China expect.

Nevsun shares soar as it rejects $1.2-billion bid from Lundin, Euro Sun

Nevsun, who declined the offer for the fourth time, said the proposal undervalued its Timok copper-gold project in Serbia and that junior Euro Sun was “not an attractive partner”.

Antofagasta shares, half-year production hit by Los Pelambres pipeline blockage

The miner said it would take up to three months for stocks to return to normal, which will affect both projected output and sales in the six months ending June 30.

Fura Gems finds giant emerald at historic Coscuez mine in Colombia

The 25.97-carat rough emerald is considered both “rare and exceptional” given its size, colour saturation and clarity.

Qatar steps in to buy Rosneft stake after China deal collapses

Qatar Investment Authority stepped in after the sellers -- a consortium of QIA itself and mining giant Glencore Plc -- told CEFC it wouldn’t proceed with the original deal announced in October.

Two miners dead, three missing after quake at Polish coal mine

A 3.4 magnitude quake hit the Borynia-Zofiowka-Jastrzebie coal mine in southern Poland on Saturday morning.

Qatar Petroleum says will list 49 pct of its shares in aluminium plant

The state energy giant will list 49 percent of its shares in the country's aluminium smelter plant Qatalum in a public offering.

Diamond museum opens in Belgium

The DIVA museum has a butler that allows visitors to peek inside various rooms where precious treasures are kept.

Alrosa to acquire one of the world’s largest diamond polishing firms

Russia's Kristall cuts around 300,000 carats annually and generates revenue of around $200 million.

WGC latest report shows how weak gold demand has been this year

Global demand dropped so much between January and March that the period became the weakest first quarter since the 2008 financial crisis.

UK-based explorer granted licence surrounding historic gold mine in Sweden

Erris Resources was granted a new 100% owned gold exploration permit, Enåsen no.5, which is located in central Sweden.

Paris asks insurers to ditch coal

Paris City Council passed a motion last night where its members ask the CEOs of the world’s largest insurance and reinsurance companies to stop insuring coal projects.

The benefits and pitfalls of mining automation

Automated mining technologies require governments and the mining industry to consider how efficiency gains will change local mining communities.

Climate resolution at Rio meeting heralds coming climate avalanche: Russell

Rio Tinto shareholders that voted in favour of a resolution calling the miner to review its membership of the Minerals Council of Australia (MCA) and other lobby groups.

Glencore's Congo mining conundrum

The miner and commodities trader is embroiled in a legal tangle over its copper and cobalt operations in Democratic Republic of Congo, where conflict and changes to regulations have deterred many mining firms.

War on coal making the world's top mine owners a lot richer

Anglo American Plc, Glencore Plc and BHP Billiton Ltd. are generating the highest profits in years from their coal mines.

Chaarat Gold offer to Centerra values Kumtor mine at $800 million

The proposed acquisition means Chaarat would own Kumtor and will have control over management and operations of the mine.

After Tesla debacle, Denmark reconsiders electric car subsidies

Prime Minister Lars Lokke Rasmussen said the goal is to make the economy greener and less vulnerable to swings in commodities markets.

Battery metals supply crunch to slow near-term EVs growth — Moody's

Lack of new projects, investment deficit and increasing political risk will hit supply of cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars.

Halted Botswana diamond mine to be sold at online auction

The Lerala Mine was opened in 2008 and had to be shut twice due to weak sales, until it was placed under judicial management last year.

Even Europe’s biggest coal addict now wants to clean up its act

Poland has about $30 billion of planned wind projects 30 kilometers (19 miles) out in the Baltic.

Sweden's Sandvik to buy Metrologic in digital manufacturing push

Sandvik said on Friday it was buying the French software company from private equity firm Astorg Partners.