FRANCE Mining News

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.

France targets Africa with new $550m state mining company

France resurrects its 17th century economic policy, sets up state miner to explore for rare earths and gold focusing on francophone Africa and South America.

AREVA signs agreement with Saudi groups to develop country's nuclear program

Signed while French President Francois Hollande was in Riyadh

Chile’s mining industry turns to sunlight to ease energy shortage

First solar plant for the mining sector in the Coquimbo region will be inaugurated this Friday.

5,000 march against French uranium miner in Niger

Areva's contract with the Niger government covering 4,500 tonnes per year is up for renegotiation.

Areva resumes operations in Niger after suicide bomb attack

Somair is the fourth largest uranium mine worldwide.

France bans the mailing of gold, silver

The law came into effect June 1.

Suicide bombers attack Areva uranium mine in Niger

One employee dead and 14 wounded.

UK puts a $4.6bn price tag on Urenco stake

Potential buyers could include Canada’s Cameco, Toshiba, France's Areva and the Canada Pension Plan Investment Board

Napoleon’s engagement ring to Josephine to go for $20,000 in auction

It will be auctioned on Sunday in France.