Europe Mining News

Glencore posts rise in copper, cobalt output on Katanga restart

Glencore's copper production rose to 1,063,100 tonnes from the start of this year and cobalt output jumped 8,700 tonnes to 28,500 tonnes.

Eldorado to invest $520 million in mill at its Turkish mine

The project would make Kışladağ a nine-year, 270,000-ounce-per-annum gold mine.

Zinc market tightness confounds bearish expectations

"Screamingly bullish" is how analysts at Citi described the Shanghai Zinc market earlier this month.

Antofagasta cuts copper output guidance, sees increase in 2019

Company now expects to produce between 705,000-725,000 tonnes this year, down from the earlier 705-740,000 tonnes target.

Fresnillo falls as it cuts full-year silver output guidance again

The miner, which is the world's largest primary silver producer and Mexico's second largest gold company, revised silver output guidance down to between 62 million ounces and 64.5 million ounces from a range of 64.5 million to 67.5 million earlier.

Kenya wins case against Cortec Mining on rare earths, niobium licence

Tribunal orders the companies to pay costs of around $3.5 million to the government.

China's alumina exports in September surged to their highest level this year

Figure is fivefold increase from August, up 3,400% y/y

Sandvik Q3 profit narrowly beats forecast

Order intake improved significantly across all business areas - Sandvik

Caterpillar plummets after flagging tariffs-triggered high material costs

The world's no.1 heavy machinery maker reported third-quarter earnings that topped analysts’ estimates, but said the ongoing trade dispute resulted in $40 million in extra costs for materials in the period.

Northvolt to set up Polish battery plant to tap mining, storage markets

Northvolt's plans are a central part of Europe's effort to compete with Asian rivals such as CATL, Samsung and LG Chem.

BASF and Nornickel join forces in European EV battery push

The move is part of BASF plans to invest up to 400 million euros ($462 million) as a first step in building production plants for cathode materials in Europe.

ArcelorMittal declares force majeure for Duisburg-Ruhrort site

Force majeure declared due to the Rhine river's low water levels.

Glencore boss Ivan Glasenberg to retire in 3-5 years — report

He is said to have already begun training three to four people to succeed him in the job.

NMC batteries dominating EV – sales to reach 63% of global market

NMC cathodes currently account for nearly 28% of global EV sales, forecast to grow to 63% by 2027.

Why a no-deal Brexit risks freezing London’s diamond trade

The U.K. is currently just one of six EU countries allowed to import and export rough diamonds. Once stones enter Belgium and Portugal, they’re then free to move around the region.

ALROSA starts large rough diamond auction in Vladivostok

For sale,166 gem-quality rough diamonds with a total weight of 2,607 carats.

Bosnian government to help keep Aluminij smelter on power grid

The company sounded the alarm last week when the country's power regulator threatened to cut it off the grid because of unpaid bills.

Rusal's Swedish smelter may be closed if sanctions not lifted

The indirect consequences of the closure are difficult to assess as Rusal is the only aluminium smelter in Sweden.

Slower orders for Atlas Copco spooks industry rivals too

Atlas Copco’s shares fell 9 percent at 1149 GMT, dragging Nordic industrial peers such as Sandvik and SKF lower, and also hitting German vacuum gear rival Pfeiffer Vacuum.

Flow of LME nickel to hidden storage dents bull story

465,000 tonnes of nickel play 'hide and seek'

Alrosa test non-dollar deals to sidestep any US sanctions

Several major Russian companies are exploring ways to do deals abroad without using dollars.

Norway, EU ask WTO to set up panel on US steel, aluminium tariffs

Norway, the European Union and several other countries asked the World Trade Organization to set up a dispute resolution panel to address US tariffs.

Eurasian Resources prevents dumping of over 88 kt of waste in Kazakhstan in the first half of 2018

Company uses up to twenty types of waste – generated from its activities – to manufacture new products, help address environmental issues and strengthen its bottom line. 

Scotland closer to having its first commercial gold mine

Scotgold Resources has submitted the last application to secure planning permits for its Cononish project, near Tyndrum.

Spanish environmentalists demand mine closures

The activists expressed their complaints at the European Parliament.