FRANCE Mining News

Gold project in French Guiana moving forward

After 14 public hearings, the Montagne d'Or project is taking some steps forward.

France's Saft targets new generation battery production from 2020

Saft, Siemens, Solvay and Manz teamed up in February to develop high-density liquid electrolyte lithium-ion and solid-state batteries.

Russia's Avtovaz explores alternatives to sanctions-hit Rusal

Rusal is Avtovaz's top aluminium supplier.

Paris asks insurers to ditch coal

Paris City Council passed a motion last night where its members ask the CEOs of the world’s largest insurance and reinsurance companies to stop insuring coal projects.

France's ERAMET bids $218 mln for Australia's Mineral Deposits

ERAMET said the offer would enable the full consolidation of the TiZir joint venture.

Apollo Minerals expands in the Pyrenees

The company has entered into an agreement to buy Aurenere, a project located in the northern Spanish province of Lleida.

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.

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.

French researchers unearth largest stash of Medieval silver coins ever found

They are puzzled by the finding of 21 Islamic gold dinars at an abbey in eastern France.

French energy company’s shares sink on falling demand and nuclear outages

EDF has been experiencing delays in restarting some of its nuclear reactors.

Emmanuel Macron’s new wealth tax to be imposed on expensive jewellery

A September proposal to replace the tax on high-end assets with just a real estate tax was met with public uproar.

Germany brings home $28bn worth of gold reserves

With the move, the country’s central bank has completed its plan to bring back home 54,000 gold bars that were still being held in foreign vaults.

Areva leaves Nunavut after uranium project rejection

The Kiggavik uranium project called for one underground and four open-pit mines just west of Baker Lake, and would have provided at least 400 jobs.

Gold price in the red after centrist Macron wins French election

Gold is trading slightly down from its Friday spot price close of $1,227.90, as investors digest the outcome of the recently-decided French presidential election.

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.