ITALY Mining News

Italian populists target huge gold reserves and some cry foul

The gold ownership bill presented by euroskeptic lawmaker Claudio Borghi of the League adds to an already tense relationship between the Bank of Italy and the coalition government.

ArcelorMittal remains upbeat as US steel tariffs drive up prices

Arcelor reported a 42 percent year-on-year increase in third-quarter core profit (EBITDA) to $2.73 billion, roughly in-line with analyst expectations.

ArcelorMittal sells assets to Liberty House to facilitate Ilva deal

ArcelorMittal, the world's largest steel producer, has agreed the sale of plants in the Czech Republic, Romania, Macedonia and Italy.

ArcelorMittal reaches Ilva deal with unions, opening way for takeover

ArcelorMittal signed a preliminary agreement last year to buy Ilva, which has the largest steel-producing capacity in Europe.

Italy delays handover of Ilva steelworks to ArcelorMittal

Italy's new government has postponed its handover of the heavily polluting Ilva steel plant to ArcelorMittal by two and a half months to Sept.

Will Five Star Movement shine on gold?

The Italian election could affect the gold market via two channels.

Ancient coins show how empire shifted from Carthage to Rome

A study of Roman coins has shown how the defeat of Hannibal and the Carthaginian empire led to coinage spreading across the Roman Empire from silver mines in Spain.

Michelangelo's unrealised marble dream comes true in Italian quarry

In 1517, Michelangelo climbed Mount Altissimo in Tuscany and found the marble of his dreams.

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.

Thousands of gold, silver Vatican’s medals misspell ‘Jesus’

Four of them were sold before the typo was noticed. They are likely to fetch rocket figures if ever sold.

Italy should use gold-backed bonds as an alternative to austerity: WGC

The strategy would be a more remedial answer for countries facing financial challenges than outright gold reserve sales, says the organization.

Medicinal iron tablets uncovered in ancient Roman shipwreck

Archaeologists have discovered the presence of iron oxides in medicinal treatments retrieved from an ancient Roman shipwreck located off the coast of Tuscany

Give us your gold wedding bands for these patriotic steel rings

Gold confiscation is more widespread than remembered

WTO to decide on China-EU solar power dispute

The ongoing battle over renewable energy between China and the European Union got a lot worse Monday, after Beijing filed a complaint to the World Trade Organization charging the EU with violating rules governing subsidies to its solar-components industry.

Mafia turns gold into Italy's fastest growing export

Custom seizures of gold are up 50% with one of the latest cases a father and daughter arrested trying to squirrel out 50kg of the metal in unmarked ingots.

Veteran miner slashes wrists to keep Italy's last coal pit open

49-year old Sardinian miner Stefano Meletti slashed his wrists in front of television cameras on Wednesday to protest the planned closure of Italy's last coal pit.

Eighth Annual WDC Meeting to Take Place in Italy

The World Diamond Council (WDC) today announced that its eighth Annual Meeting will take place in Vicenza, Italy from May 13-14, 2012. The event is being hosted by Fiera di Vicenza, one of Italy's leading trade fair operators.

Safe haven no more? Euro end game cannot lift gold above $1,800

Gold for December delivery only briefly broke the psychologically important $1,800/oz level on Wednesday and in after hours trade pulled back sharply to trade at $1,770.50. Gold failed to take advantage of its traditional role as a hedge against inflation and a safe haven in troubled economic times, despite European Union finance ministers failing to make progress on ways to shore up the zone's sagging banks and Italy's deepening credit crisis. Bullion's failure to build on a three-day rally also comes after data out this week showed a quickening in demand from China's consumers who bought a record 56.9 tonnes in September, a sixfold increase year-on-year.

Italian steel output in first 8 months up by 11pct YoY – Mr Pasini

During the conference held recently by SteelOrbis in Rezzato, Mr Giuseppe Pasini chairman of Italian steelmakers association Federacciai illustrated the structural problems that characterize the Italian steel industry, starting from the condition of...

Copper falls on Italy debt worries; supply in focus

Copper fell on Monday as concerns over Italy's sovereign debt curtailed appetite for risky assets, but a series of strikes in producer countries highlighted supply constraints and lent support to prices. Three-month copper on the London Metal Exchange traded at $9, 581 a tonne in official rings , down from the $9,661 close on Friday.

LME expands steel delivery to Italy as volumes rise 46%

The London Metal Exchange has approved Ravenna as the latest point of good delivery for non domestic LME Steel Billet, with effect from September 16th 2011. The addition of the Italian port will enhance the contract’s warehousing network in Europe, encouraging the steel industry to further utilise the contract. LME Steel Billet is now listed in 12 locations in seven countries.

Results of Italian referendum: voters say no to more nuclear power plants

Energia Minerals Limited (ASX: EMX) notes that a referendum was held in Italy on the 12th and 13th of June 2011 to decide whether to remove laws passed last year to restart a domestic nuclear energy program in the country. The result of the referendum was that Italian citizens have voted to remove the laws and, accordingly, remove the framework to potentially develop nuclear energy production facilities in Italian territory.

Thinking about China as big changes seen coming in gold, silver markets

As relief courses through the Eurozone government bond markets at the success of Portugal’s, Spain’s and Italy’s government bond auction, the sharp edge of the crisis appears to go away, for now at least.

Eu-flat Products Steel Prices Continue To Climb In June

The relentless upward movement in EU prices continues. Customers are obliged to accept the new higher third quarter values demanded by local producers. Prices of imported strip into Europe are still increasing this month, although […]