Germany Mining News

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.

K+S on track to begin producing potash from Legacy mine next year

Legacy will be the first new potash mine built in Canada's Saskatchewan in the last 40 years.

German workers march against coal-plant levy

Protesters held placards that read, "Hands off our brown coal", and "We oppose the social blackout in our region".

Tantalus Rare Earths AG: Board approves capital increase to finance pilot production at Tantalus rare earths project in Madagascar

The Management and Supervisory Boards of Tantalus Rare Earths AG have approved a capital increase against cash contribution with shareholders’ subscription rights.

Gold market waves near century-old price fix good-bye

Thursday will be the last time traders at four banks agree by phone twice-daily prices for bullion.

Greek problems born from socialism

Like many of the important discussions in the economic world today, the negotiations between Greece and its European creditors has become increasingly absurd.

Plenty of potash, but almost no low cost sources for crop production

While the earth contains enough potash to meet the increased global demand for crop production, some regions lack potash deposits needed for optimal food crop yields, the latest global assessment of the resource by the USGS shows.

German central bank: We're still taking back our bullion

Bundesbank confirms Germany's gold repatriation plan is still in place, but can't say if more than 2013's five measly tonnes were brought back from the US.

Liebherr's mining division sees turnover dip

The German equipment manufacturer expects it to drop by at least 4.5% this year, about $317 million less than in 2013.

Global economy: why it’s a year-end “mess”

The blue-chip Dow Jones Industrial Average (DJIA) fell 185 points on Tuesday, prior to rallying to cut its loss—but this was followed by a 170-point intraday decline on Wednesday.

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.

Germany begs Sweden for more coal

Germany's phasing out of nuclear power and clean energy plans aren't going so well.

The Dutch do what the Germans couldn't: Get their gold back

De Nederlandsche Bank secretly brought 120 tonnes of the European nation's gold reserves held by the Fed in New York back to Amsterdam.

German scientist makes diamonds from peanut butter

It’s probably one of the first cases ever reported where the tasty spread has been used to produce synthetic gems.

ICE wins race to run the London gold fix

Bids and offers will be published in real time and the price updated every 30 seconds.

One of these five companies will run the gold fix

Broker Autilla Ltd (Sapient), the Chicago Mercantile Exchange jointly with Thomson Reuters, U.S. derivatives bourse Intercontinental Exchange, the London Metal Exchange and broker ICAP's online platform EBS will present their proposals this Friday.

Platinum, palladium price-setting technology ‘optimum’ for gold: LME

The LME says its electronic solution for the platinum and palladium price — LMEbullion — could benefit gold bugs.

Chinese banks go after silver and gold fix

Since it first debuted in August, only five participants have signed up to the price setting process.

RPM to lead partner presence at SAP Mining and Metals Forum with talk on disruptive technologies in mining

Speaking at a 300-plus delegate event in Germany RPM’s CEO, Mr. Richard Mathews said there is an ongoing productivity Transformation in mining, which is set to challenge conventional thinking.

Coal revival cripples Germany’s $130 billion green drive

Germany’s energy revolution —or “Energiewende”— has so far added more than $134 billion to the country's power bills.

London gold fix begins seeking 3rd party to run benchmark

Winner will be announced in October, and implementation will be complete by the year-end.

New York court to rule on most London gold fix lawsuits

The 18 cases will be sent to U.S. District Judge Valerie Caproni in Manhattan, who has already been overseeing a putative class-action against the five banks that make up the fix.

Participants in new silver fix ‘unclear’ three days before it goes live

No bank has publicly stepped forward to say they will be involved in the new silver benchmark.

New gold fix to debut by year-end

The plan is to announce a third-party administrator by the end of September.

Coal exporters not backing down despite glut; could China enter the market too?

No signs of production slowdown in major coal-exporting countries.