London Mining News

London gold market comes clean: it's not as big as thought

An average of $36.9 billion of gold changed hands each day in the city’s over-the-counter market.

Cornwall’s historic South Crofty tin mine revival a step closer

Strongbow Exploration plans to bring the mine back into production following a proposed dual listing on London's AIM market.

RandGold CEO resigns from conservation group after trophy hunting scandal

The Daily Mail published controversial images of Bristow posing next to dead elephants.

From Blenheim to BlackRock, here’s why everyone’s bullish about copper

This week, it seems everybody has something in common: they’re all copper bulls.

LME storage not market dynamics are driving aluminium stocks lower

London Metal Exchange (LME) on-warrant aluminium stocks, metal not earmarked for delivery, are at their lowest since January 2006.

BP is front-runner to buy BHP's US shale unit

The London-based oil major has made the highest offer for the assets, which BHP prefers selling in a single package.

Thousands protest against uranium mine in Spain

The activists protested against the Salamanca project, Berkeley Energia’s flagship mine located on the Retortillo-Santidad uranium deposit.

LBMA suspends Russian precious metals refinery from 'good delivery' lists

The London Bullion Market Association has suspended the Ekaterinburg Non-Ferrous Metals Processing Plant from its gold and silver good delivery lists due to "ownership related issues".

Sharps Pixley sees 253% increase in gold sales as tensions run high

The high levels of gold sales was a record for the store which opened in January 2016 and was roughly double its previous best month.

MICROMINE to showcase its mining solutions at Mines and Money London 2017

MICROMINE will be exhibiting its intuitive software solutions at Mines and Technology conference in London from the 27th of November through to the 30th November.

Special Address: Transformative trends in technology – how will it disrupt mining?

This year’s Mines and Technology show in London will be focussing on the digital transformation of mine operations.

Nigel Farage to Speak at Mines and Money London

Mines and Money London will be hosting former leader of UKIP, Nigel Farage at this year’s show and will join 200+ speakers including Robert Friedland, Peter Grosskopf and Arron Banks.

London Metal Exchange Week galvanised by electric dreams: Andy Home

This year, copper was shoved out of the London limelight by new hot metals such as lithium, cobalt and nickel.

LME to slash some fees to win back volumes as rivals circle

The London Metal Exchange sought on Thursday to win back trading volumes by proposing a cut in fees for trades crucial to its physical user base as rivals gear up to offer alternatives.

Gold futures come back to the London Metal Exchange

The LME’s previous attempt at trading gold lasted only three years .

Odds on, odds off: London gold market seemingly confused on best route forward

“The market is currently built on hearsay, and rumors,” said one source close to the situation.

Mick Davis tells investors to stay away from coal, Africa

When asked about how much lower commodities prices will dive this year, Davis said he thought they were close to hitting rock bottom.

Mick Davis first deal to land in Canada: report

Davis is said to be finalizing talks with a Toronto-listed miner, in a deal that could kick-off a long awaited buying spree.

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.

Mick Davies’ X2 Resources raises $5.6 billion, ready to buy up assets

The former Xstrata boss’ new firm may soon pull the trigger on some big deals at a time of low commodity prices and willing sellers.

Shanghai gold deals get a boost as WGC sets bullion free trade zone

The World Gold Council (WGC) and the Shanghai Gold Exchange (SGE) have signed memorandum of understanding on a comprehensive strategic gold cooperation agreement.

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.

This firm has more than half the copper in LME warehouses

That is worth around $534-$854 million, based on prices of $6,675 per tonne.

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.