Europe Mining News

De Beers Group announces new appointments to Executive Committee

De Beers Group today announced three new additions to its Executive Committee. Ann Cormack will succeed Arthur Hewett as Executive Head, Human Resources, as of October 2017. David Prager joins the Executive Committee as Executive Vice-President, Corporate Affairs, and Nancy Liu joins as Chief Operating Officer, Forevermark, both with immediate effect.

Rio Tinto’s first-half profit soars 93%, investors getting $3bn back

The company will return a total of $3 billion to shareholders: $2 billion on the dividend side and $1 billion of share buybacks.

Caterpillar in search of new CFO as Halverson to retire next year

Brad Halverson has spent nearly three decades with the mining and construction equipment maker.

Alrosa unveils first unique Russian collection of diamonds

Russia’s Alrosa, the world’s top diamond producer by output in carats, introduced Tuesday The Dynasty, a unique collection of diamonds manufactured at its cutting and polishing facilities.

India's biggest holiday boosts De Beers rough diamond sales

The diamond giant said customers began buying rough diamond earlier than usual so they can complete their polishing before Diwali begins.

LBMA shines a light on the gold in London's vaults

This is the first time the London Bullion Market Association makes such data public.

Glencore acquires half of former Rio coal mine in Australia

The Anglo–Swiss multinational announced that it signed agreements with Yancoal Australia regarding the acquisition of a 49 per cent interest in Rio Tinto’s former coal assets in Australia's Hunter Valley

Alternative fuel system for Kiln Riser Duct firing at CRH Slovakia

In 2017 A TEC and CRH Slovakia have installed an alternative fuel system for kiln riser duct firing in Turna Nad Bodvou, Slovakia.

Fresnillo silver, gold output jump on San Julian ramp up, higher ores

For the three months to June 30, silver production totalled 14.5 million ounces, a 12% rise from last year, while gold output was 223,000 ounces, up 2.7% from a year earlier.

DMT explores subsoil in the Dead Sea

The world's 8th largest potash producer, the Jordanian firm Arab Potash Company Ltd., is engaging the services of the German engineering and exploration company DMT for a ground survey at the Dead Sea.

Caterpillar earnings beat estimates, shares hit five-year high

It now expects adjusted earnings per share to come in at $5, significantly higher than the $3.75 it had forecast just three months ago and almost doubled the $2.90 it had originally projected for the year.

Kumba resumes divvy thanks to stronger iron ore prices in first half

Shareholders hadn’t received dividends since 2015, when iron ore fell below $40 a tonne amid a global crash in commodity prices.

South Africa labour disputes weigh on Petra Diamonds results

Labour disputes earlier in the year caused delays in the building of a new plant in its Cullinan mine in South Africa.

World's top diamond miner Alrosa output up 14% in first half of 2017

The Aikhal division accounted for more than a third of the company’s total output in the period, having extracted 6.9-million carats of rough diamonds – a 26% year-on-year increase.

Luxembourg shoots for the stars with fresh space mining deal

The country's ultimate objective is to have its own space mining agency by the end of the year.

New African rare earth mine to start production by year-end

Gakara mine, which operated for 30 years until 1978, is expected to restart commercial production in the fourth quarter of the year.

US steel production falls back in June

After strong start to 2017, US steel output growth for the first six months slows to just 1.3%.

Centerra gets some breathing room in dispute with Kyrgyz Republic

The arbitrator has sided with miner, allowing it to move forward with the case against the Central Asian country.

The world’s largest diamond miner just found two massive rocks

Both rocks, said ALrosa, are believed to be gem-quality.

Rio Tinto axes iron ore export forecast for the year

It also revised down its expected share of hard coking coal for the year to between 7.2 to 7.8 million tonnes from 7.8 to 8.4 million tonnes.

World's second-largest diamond 'too big' to sell

Lucara Diamond’s Lesedi La Rona is said to face challenges other rock never do, including its multi-million-dollar price tag and a risky polishing process that can take months or years.

Luxembourg becomes first European country to pass space mining law

The bill, approved by a vast majority, defines the conditions companies must fulfill to get a licence for launching a space mining mission.

Saudi Ma'aden to develop Mansourah, Massarah gold mine- sources

Ma'aden operates six gold mines in the Central Arabian Gold Region, western Saudi Arabia which contains much of the Kingdom's gold rich ore deposits.

LME favourite to clear for new base metals platform NFEx -sources

NFEx says in talks with several clearing houses

Polyus grabs all of legendary Sukhoi Log gold deposit

First discovered in 1961, Sukhoi Log in eastern Russia holds 62.8 million ounces of gold.