Europe Mining News

Bacanora Minerals Ltd strategic cornerstone investor & offtake agreement

NextView Capital agreed to acquire a 19.89% equity interest in Bacanora via placement of 32,976,635 common shares in the Company at 94.53 $1.26 per share.

ArcelorMittal says Kazakh coal miners end strike

Coal miners at ArcelorMittal's Kazakh unit ended their sit-in and emerged from the mines after offers of a pay rise and the threat of legal action.

Indonesia, Freeport said to near new deal for Grasberg mine

Under the new deal, Inalum will seek to acquire London-based Rio Tinto Group’s joint venture interest in Grasberg by March.

What to expect for gold in 2018

John Reade, Chief Market Strategist at the World Gold Council, explains several reasons to believe that gold could maintain an upward trajectory.

Bitcoin points way to `massive change' for commodity trading

Blockchain upending world’s financial markets with rise of bitcoin, and now the digital-ledger system is poised to do the same next year for raw materials.

As Glencore restarts capacity, is time up for zinc rally?

Glencore can't take full credit for bull surge of last 2 years but its curtailments acted as powerful accelerator to structural shift toward supply deficit.

Kloeckner & Co says not preparing offer for Thyssenkrupp unit

There are no talks between Kloeckner & Co and Thyssenkrupp over a tie-up with Material Services division or about any offers, said Kloeckner & Co spokesman.

Steel tycoon considers bid for Rio Tinto's Dunkirk aluminium smelter

The Dunkirk plant, which the sources value at around $234.44 million, would add to the Gupta Family Group (GFG) conglomerate.

Fed spells relief for gold traders worried over rate-hike pace

By a 7-2 vote, the Fed on Wednesday raised the benchmark lending rate by a quarter percentage point, its third hike this year.

Visit the top blockchain and cryptocurrency power hubs of the world (VIDEO)

Jonathan Roth’s short film takes viewers on a tour of some of the world’s key power hubs in the cryptocurrency industry.

Glencore is the tempting devil sat on mining's shoulder: Gadfly

Uniquely among its peers, Glencore derives a substantial slice of its earnings from trading commodities, rather than producing them.

Aurubis sees focus on internal growth, still open to takeovers

Aurubis plans to make use of its expertise to expand processing of complex copper concentrates (ores) and scrap, CEO Juergen Schachler said.

World Bank to stop funding oil and gas projects

The institution will stop all lending for oil and gas projects after 2019, with some exceptions.

World’s third-largest insurer to divest from oil sands and pipelines

AXA and three other French investment groups follow the World Bank's lead.

ArcelorMittal coal miners widen strike in Kazakhstan

A sit-in by miners of ArcelorMittal's Kazakh unit widened to all of the firm's coal mines on Tuesday as hundreds of workers demanded a 100 percent wage rise.

Glencore sees 2018 zinc output steady at around 1 million tonnes

Glencore said on Tuesday it expected zinc output to fall slightly in 2018 to around 1.09 million tonnes versus 1.1 million tonnes this year.

Glencore's marketing division EBIT to come in at top of range

The company also confirmed its 2018 dividend policy would include a fixed dividend of $1bn and said it would reactivate idled capacity "when appropriate".

State leader named to board of main ThyssenKrupp shareholder

The election for a seven-year term of Armin Laschet comes as ThyssenKrupp seeks to diversify away from its traditional focus on steel.

ArcelorMittal miners stage sit-in at four Kazakh coal mines

About 200 coal miners in Kazakhstan refused to leave four mines operated by a unit of ArcelorMittal at the end of their shift on Monday and staged a sit-in.

Glencore says signs labor pacts at most of its Australian coal mines

These new labor agreements with workers at 13 of its coal mines in Australia end months of negotiations over wages and benefits.

Vedanta's Zambian arm to set up new processing plants

Vedanta Resources said Thursday its Zambian subsidiary KCM plans to set up new copper smelter, cobalt refinery and more under a $1 bln investment programme.

The one indicator OPEC must watch

Last week, OPEC decided to extend its production cuts through end of 2018. The target is now to bring global oil inventories back down to the 5 year average.

This is the breakthrough company of Mines & Money 2017

Forget gold, the crazy cobalt price or lithium frenzy; this junior mining company is upending the sapphire (yes sapphire) market.

LME to deal clearing blow to new metals platform NFEx

The London Metal Exchange unlikely to provide clearing services for proposed new trading platform NFEx, a significant obstacle to the new exchange.

This new model tracks copper use from cradle to grave…to reincarnation

Research also charts rapid growth of China’s copper use.