FRANCE Mining News

Germany to bring half its gold back by 2020

The country's central bank has already repatriated 1,400 tons or 41.5% of its gold reserves.

Germany brings more gold back home

In 2015, the country’s central bank transferred around 110 metric tons of gold from Paris and just under 100 tons from New York to its Frankfurt vaults.

Areva earned $300 million in US uranium enrichment contracts last year

The announcement comes as the company is laying off about 50 workers in Lynchburg, Virginia, a bit more than half the jobs it has cut in the US as of late.

ArcelorMittal sued over pollution from US coke plant

PennEnvironment claims the steelmaker has repeatedly violated the federal Clean Air Act at its Monessen coke plant since the facility reopened last year.

Iran, World powers reach ‘historic’ nuclear deal

The agreement ends decades of economic sanctions against Iran, and includes reductions in centrifuges, international inspections.

World Coal Association urges G7 leaders to invest more in cleaner technologies

The industry body said that instead of fighting fossil fuels, industrialized nations should try to make them cleaner.

G7 agrees to phase out fossil fuels by end of the century

U.S., Canada, Germany, France, the UK, Japan, and Italy agreed to cut greenhouse gases by phasing out the use of fossil fuels by the end of the century.

ArcelorMittal cuts profit expectations for 2015 amid steel glut

The company now expects earnings before interest, tax, depreciation and amortization, which is a more closely watched metric than net income in the steel industry, to be between $6bn and $7bn.

Diamond thief gets 15 years in Paris heist

A French court meted out a prison sentence of 15 years on Friday to a convicted drug trafficker considered the ringleader of a spectacular $100 million diamond heist at a Harry Winston jewelry store.

China’s alleged intentions to mine Antarctica spark global debate

New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.

ArcelorMittal sells its coal mines to Russia's National Fuel Company

The assets include the coal mines of Berezovskaya and Pervomaskaya, which together produce 700,000 tonnes of coal a year.

Cameco’s Cigar Lake to produce 6-8 million pounds in 2015

The Canadian company, the world's third-biggest uranium miner, expects the mine to reach full production of 18 million pounds per year in 2018.

France may be next in line to bring its gold back

France is the world's fifth-largest holder of gold, only behind the U.S. Germany, the IMF and Italy.

Mining the Antarctic a big no-no

Costs and challenges for mining the Arctic, meanwhile, on their way up.

Areva begins processing uranium from Cameco’s Cigar Lake

Cameco’s Cigar Lake mine is set to become one of the world’s biggest by 2018.

French workers kept buried treasure 'buried'

Landscapers allegedly stole $1.2M in gold discovered on couple's property.

ArcelorMittal back to profit despite challenging market conditions

The plunge in iron-ore prices is damping profits at the firm’s mining unit.

Caterpillar profit beats estimates but sales fall

Construction, not mining lifts the machinery giant's second-quarter results.

Australia’s newest uranium mine will lose money, won’t create any jobs

Government is touting the Four Mile mine as “the most significant deposit found anywhere in the world in the last 25 years."

France's Areva expects uranium prices to rebound

Company acknowledges the short-term outlook is bad.

GE acquires Alstom's power and grid business for US$16.9 billion

Siemens and partner Mitsubishi Heavy Industries came up short.

Areva office, ex-staffs homes raided by police over purchase probe

The ongoing investigation focuses on the controversial $2.5billion acquisition of Canadian rival UraMin in 2007.

Areva reaches uranium mining deal with Niger, delays project

The Imouraren project’s production start date has been pushed back several times. It was last due in 2015.

Construction, not mining lifts Caterpillar’s profit

The world’s largest maker of heavy machinery posted a 5% increase in quarterly profit, beating analysts’ estimates.

Caterpillar to sell its Rantigny plant in France

Over the past year, Caterpillar has closed or announced plans to shutter several plants in the US, Canada and Europe.