FRANCE Mining News

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.

Major uranium deposit discoveries may fuel Iran’s nuclear program

The controversial announcement comes on the eve of international talks about Iran's disputed nuclear program.

'How stupid do you think we are?' An epic letter from an American CEO to a French minister

"The French workforce gets paid high wages but works only three hours."

Areva looking for a huge uranium deposit in Sweden

French company partners with Australia's Aura Energy to explore the Haggan Project.

ArcelorMittal lost $3.7 billion in 2012, faces violent protests

Stocks at the world’s top steelmaker by sales, ArcelorMittal (NYSE:MT), were down 1.71% at 10:09 am ET this morning after the company announced Wednesday a $3.7 billion net loss for 2012.

It’s getting warm in Antarctica, but mining still a pipe dream

The West Antarctic Ice Sheet is warming at three times the global average. Would this open the door for mining?

French scientists transform H20 into gold

Scientists from France's Ecole Polytechnique have developed a remarkable new technology which extracts trace amounts of gold from industrial waste water.

'We had nothing but the best of experiences with our partners' – Bundesbank on why it keeps its gold overseas

"Gold stored in your home safe is not immediately available as collateral in case you need foreign currency."

Solvay begins operations at 2 rare earth recycling plants in France

Solvay is officially opening two rare earth recycling units in France today. The plants obtain rare earths from end-of-life equipment such as low-energy light bulbs, batteries or magnets.

French energy chief says Arctic oil is a pipe dream

The head of Paris-based energy giant Total is dismissive of the possibility of oil extraction in the Arctic.

Copper snaps four day losing streak on upbeat EU growth data, strong US retail sales

Copper prices snapped a four-day losing streak on Tuesday following the release of EU growth data ahead of expectations and strong US retail sales data.

Coal slag heap designated World Heritage site

France's Nord-Pas de Calais Mining Basin—along with its mining pit, workers' quarters and yes, slag heap—now joins The Great Wall and the Great Barrier Reef on UNESCO's World Heritage list.

Rio Tinto hopes to finalise alumina plant sale by September

The transnational miner said Tuesday it hopes to complete the sale of four alumina plants in France and Germany by the end of September

The bulls can rest their case on this one chart

Gold is being amassed largely on the fears that the global currency system is flawed, and bears also believe American and Chinese economies are headed for another fall. However, there is a deep economic imbalance that is rapidly being righted that can result in a lot of prosperity for all.

Powerscreen honours dealer network

Powerscreen, provider of mobile crushing, screening and washing equipment, presented top awards to dealers at World Dealer Conference in Cape Town, South Africa.

Areva in talks to sell Eramet nickel mining stake

French nuclear giant Areva says it is in talks to sell its 26% stake in major nickel miner, Eramet (formerly Soc. Le Nickel) with major operations in New Caledoinia.

S and P downgrades nuclear giant Areva on weak profits, credit metrics

The 2007 acquisition of UraMin by Areva proved financially costly, and is now compounded by a criminal complaint filed by Areva's former CEO concerning a private investigation into the purchase.

France's Credit Agricole to quit commodities trading

The French bank has announced plans to stop trading commodities and cut down on commodities trade financing as it struggles to cope with a credit crunch.

French miner Eramet to invest $450m in Halmahera Nickel project

10-SEP-2011 Intellasia | Jakarta Globe Free newsletter - click here In a move expected to give eastern Indonesia an economic boost, a French mining group plans to invest in a nickel mining project in North Malaku. "Eramet will have spent around $450

Niger wants better price for Uranium supplies

Niger, a major supplier of uranium to the French nuclear sector, wants a better price for its supplies, President Mahamadou Issoufou told state TV. Issoufou, who came to power after March elections that ended just over a year of military rule, said the poor desert state was determined to make the most of its resources.

Diemme Filtration makes foray into India

After setting its base in Chile, Australia, Russia and France, Diemme Filtration is now ready for the Asian market. Read the full press release here:

Niger, Africa’s second largest uranium producer, should see great growth

Niger, which became independent from France in 1960 and has a democratic government, is the world’s sixth largest uranium producer. Output in 2008 was 3,032 t, representing 7% of total world uranium production. Areva’s Arlette and Akoula mines, responsible for 100% of Niger’s uranium production, have produced, together, 100,000 t of output in the last 40 [...]

Michelin to 'specialize' plants in France

Groupe Michelin plans to develop its Moncteau, France, plant into a "high performance facility" for earthmover tires and make its Tours, France, factory "a benchmark for high-tech truck tires in Europe," according to Michelin officials….more […]

Michelin to Invest £887 Million in India

It is cutting back in France, yet planning big in India – Michelin is reportedly planning to invest some Rs 70 billion (£887 million) there over the next decade….more at Tire Review Online