Europe Mining News

USD shocker plus gold’s mutiny equals epic opportunity

The only thing that could make it more bullish is if the USD reversed under oversold conditions and close to the cyclical turning point. Oh wait. It did.

Alrosa ups Q4 diamond output, mulls Mir mine future

The Russian state-controlled diamond miner increased fourth-quarter production by 6 percent year-on-year to 10.1 million carats as a shutdown at its Mir mine was offset by higher output at other assets.

Rio Tinto talks loom as a lifeline for Freeport in Indonesia

When it comes to finally reaching a deal to secure Freeport-McMoRan Inc.’s long-term right to keep mining in Indonesia, the ball appears to be firmly in Rio Tinto Group’s court.

De Beers Is digging up more diamonds than any time since 2008

The company, a unit of Anglo American Plc, mined 33.5 million carats in 2017. That’s a 22 percent jump from a year earlier, beating its own target.

Canada’s Gahcho Kue diamond mine boosts Anglo American output, but copper flat

The company beat expectations on Thursday with a 5% increase in 2017 production.

Caterpillar beats estimates again, delivers bullish outlook for 2018

The world's largest mining and construction equipment maker beat market expectations for fourth quarter earnings and said its sales growth momentum is expected to continue in 2018.

Goldman, Citi final bidders for Scotiabank's metals business

The field of prospective bidders for ScotiaMocatta, the metals trading arm of Canada's Bank of Nova Scotia, has narrowed to two.

Nexans and Codelco join forces for a more sustainable and traceable copper market

Recognizing the vital role that copper will play in a sustainable future, Nexans is joining forces with Codelco.

Dollar will be key to gold sesame

The key question is whether the bearish trend in the greenback will continue or we will see a trend reversal.

Cradle Arc's London listing to fund Botswana copper

Copper producer Cradle Arc embarked on a new London listing on Wednesday to fund production in Botswana.

Gold market mulling blockchain for $200 billion of supply

Gold is going digital.

Anglo expects expansion licence for Minas Rio in Brazil by Friday

Receiving the necessary licences would allow the company to continue operating in the state of Minas Gerais, where the iron ore mine is located, for at least another 15 years.

Antofagasta sees 2018 costs to reach $1bn on Pelambres expansion, equipment

Chile-focused miner also expects costs to rise on tailings dam expenditure.

France's Areva rebrands to Orano in dire uranium market

French uranium mining group Areva closing the book on a years-long restructuring but still facing an uncertain future, with uranium prices at decade lows.

Russia to invest $250 million in uranium exploration, production in Argentina

Agreement includes Russia’s state nuclear agency Rosatom commitment to build a nuclear power station in the South American country.

Alrosa inks long-term diamond supply deals with 67 clients

Miner aims at selling around 40 million carats of diamonds in 2018 provided market conditions are favourable.

Aurubis buys Codelco's shares in Deutsche Giessdraht

The parties have agreed not to release the transaction price.

Irish diamond miner to expand in Finland

Karelian Diamond Resources was granted a four-year exploration claim in the Kaavi region.

Gem Diamonds on a roll, now finds 149-carat rock

The 149-carat, D colour, Type IIa rough diamond is the fourth high quality stone of over 100 carats the company has recovered so far this year at its Letšeng mine.

Gold mine collapse in Uzbekistan kills one, about 20 trapped

A collapse at an abandoned gold mine in Uzbekistan has resulted in one death and roughly 20 trapped underground.

Lloyd's of London to divest from coal over climate change

Lloyd’s of London, the world’s oldest insurance market, has become the latest financial firm to announce that it plans to stop investing in coal companies.

2017's worst-returning precious metal becomes hedge fund darling

After lagging behind other precious metals last year, platinum is finally outperforming, and hedge funds are taking notice.

Bond market bear creating gold bull

Currently, there's a lot of good news for gold which thrives on the spectre of high government debt leading to more money-printing and inflation.

Platinum miner Lonmin's lenders relax loan agreements again

Lonmin's lenders had granted the company a waiver of compliance with a loan agreement that required its net worth to remain at a minimum of $1.1 billion.

OPEC-Russia oil deal renews threat from Canadian oil sands

A fresh surge in U.S. and Canadian oil production would wreck all of OPEC's hard work.