Germany

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

£500m of plundered art hidden in German silver mine

An expedition to uncover £500 million of missing artwork looted by the Nazis during the Second World War has been launched in Germany.

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.

Early-stage investing opportunities: James West and Tobias Tretter

The Midas Letter Opportunity Fund, a new niche fund, focuses on early-stage micro-cap miners in the junior resource sector.

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.

Sandvik outlines new research on improving roadheader automation

Sandvik Mining, whose parent company spent ZAR3.5 billion in research and development in the 2011 financial year, has been undertaking intensive research in partnership with RAG-Deutsche Steinkohle, Germany's largest coal mining company, aimed at improving automation processes of face mining machines using the Sandvik MR620 roadheader as the coal face model. Sandvik has compiled a report on the progress of the research with the focus on profile definition and the automatic cutting cycle.

Germany and Kazakhstan ink $4 billion rare earths deal

A $4 billion rare earths deal signed this week between Germany and Kazakhstan is being criticized by human rights groups.

ThyssenKrupp expects ‘significantly' lower Q1 profit

The German steelmaking group expects to post a significant decline in adjusted first-quarter operating profit, dragged down by business in the Americas and a slowing global economy.

German mine for rare earths to be developed

German mining and commodity group Deutsche Rohstoff AG said on Wednesday it will develop mining operations in east Germany to exploit estimated deposits of 38,000 tonnes of rare earths.

Robex Resources Inc./Nampala: feasibility study reveals a pre-tax net present value (NPV) of $113.6 million at $1,250 gold price per ounce, and an internal rate of return (IRR) of 46.45%

QUEBEC CITY, QUEBEC–(Marketwire – Nov. 8, 2011) – Robex Resources inc. (TSX VENTURE:RBX)(FRANKFURT:RB4) is pleased to announce the excellent results of the feasibility study for its 100%-owned Nampala project located on the Mininko permit in Mali. The feasibility study was prepared by a consortium of prominent internationally renowned mining industry consultants lead by the engineering consulting firm Bumigeme assisted by engineering firm Met-Chem Canada (Met-Chem) and Mr. Jacques Marchand, independent engineer and qualified person (QP) for mineral resource estimation as defined by NI 43-101.

Gold back to within striking distance of $1,800

MarketWatch reports gold futures closed higher Monday, coming to within striking distance of the $1,800 an ounce level, as ongoing concerns over the euro-zone debt crisis and reports that Germany rejected calls to use its gold reserves to help shore up the region’s rescue fund helped boost prices.

Gold for December delivery rose more than 2% earlier in the day to trade at $1,794, a six week high. Bullion is now up almost $200/oz from lows hit at the end of September when it briefly changed hands for less than $1,600/oz.

GMR Global Mineral Resources Clarifies Disclosure for Enterprise Silver Mining Property

TORONTO, ONTARIO–(Marketwire – Nov. 7, 2011) – As a result of a review by the British Columbia Securities Commission (BCSC), GMR Global Mineral Resources Corp. ("GMR") (FRANKFURT:GLLN) a Canadian-based resource, exploration and developmen…

G4S Launches GIA Round-Trip Service

G4S International Logistics on Friday announced 'The Loop', a round-trip service, shipping solution for jewelers shipping to and from GIA's Carlsbad grading lab.

Gold Falls after German Court OKs Euro Aid

Gold prices fell around the world Wednesday after a German court cleared the way for Europe's richest nation to help its weakest ones and a slew of encouraging news lifted global stock markets.

German newspaper tells its readers to buy gold

Gold Hedge reports that a German newspaper is telling its readers that it's time to buy gold.

Bild Zeitung, is Germany’s biggest- selling newspaper, is the best-selling newspaper outside Japan and has the sixth-largest circulation worldwide.

Bild encouraged German people to invest in gold as the global debt crisis continues to deteriorate and cause turmoil in global markets.

Germany to fund new coal plants with climate change fund cash

It is reported that the German government wants to encourage the construction of new coal and gas power plants with millions of euros from a fund for promoting clean energy and combating climate change. As per report, the plan has come under stiff

German hard coal imports seen up 2-3 million tonnes in 2011

German imports of hard coal are likely to rise by between 2 and 3 million tonnes over last year's 45 million tonnes, importers said on Monday, citing steel industry demand and needs to replace nuclear power generation. "The increases will be relatively

Rising copper price trend – Aurubis

Europe's largest copper producer Aurubis sees a trend for rising copper prices thanks to higher demand for more electronics goods, its chief executive told a German paper.

"Even if there may be short-terms price swings in either direction… demand for copper is rising with increasing prosperity in countries such as China," Bernd Drouven told Frankfurter Allgemeine Sonntagszeitung.

German Parliament set to okay clean coal bill

Reuters reported that Germany is set to approve funding to develop cleaner coal technology.

The market news is quoted as saying:

Germany, Europe’s largest economy and a global manufacturing powerhouse, has committed to reducing its carbon footprint by 40 percent in 2020 compared with 1990, with further cuts to come over the following three decades.

The Future of Atomkraft

In a dramatic about-face, Chancellor Angela Merkel announced last Monday that Germany will phase out nuclear power completely by 2022, shutting down its nine operational reactors and never restarting the seven reactors that were suspended in the wake of the nuclear disaster at Japan’s Fukushima Daiichi plant.

German May steel output up 1.1%, but WV Stahl warns of slowdown-China Mining

Germany's May crude steel output of 4.1 million mt marked a 1.1% increase on the prior year, as Europe's largest steel producer snapped back from April's first monthly annual decline since October 2009, steel industry association Wirtschaftvereinigung Stahl figures show. …

German nuclear phaseout means more coal

Germany will need more coal plants if it is to phase out nuclear power, Chancellor Angela Merkel said.

"If we want to quickly get out of nuclear power and into renewable energy, we need fossil-fuel power plants.

Proto Resources & Investments announces a new development project in Germany

Proto Resources & Investments Ltd (“Proto”, “the Company”) has acquired rights over a nickelcobalt development project located in Saxony, Germany. The Kiefernberg project area is within the Granitulite Mountains licence that Proto has entered into an option to acquire from …

E.ON to sue over Germany's nuclear exit, an industrial info news alert

The German government is facing a major legal battle over its planned early exit from nuclear power as energy giants E.ON AG (PINK:EONGY) (Dusseldorf, Germany) and RWE AG (PINK:RWEOY) (Essen, Germany) want billions of euros in compensation.

E.ON made its intentions clear this week when it outlined plans to take legal action against the government's decision to continue demanding its controversial nuclear tax, despite shutting down the oldest nuclear plants. In March, RWE announced that it would take legal action against the government's closure o those seven nuclear plants.

Ignoring Germany's nuclear u-turn

On Monday, Germany announced that it’s going to shut all its nuclear power plants by 2022. What a difference a year makes. Because only a year ago, the country announced plans to extend the life of its nuclear power plants.

So what’s up? According to German Chancellor Angela Merkel, “We want the electricity of the future to be safe, reliable and economically viable.” And in her mind, nuclear power doesn’t fit the bill anymore.