NORWAY Mining News

Norway's KLP fund cuts coal exposure

Norwegian pension fund manager KLP has sold $366m of bond and equity exposure in 46 companies, including leading miners BHP and Anglo American.

Norway is using its wealth to lead an exodus from coal

A law set to pass in June will see the Norwegian Oil Fund divest more from coal, and invest over $20B in renewable energy.

Arctic nations to meet amid tensions over environment, resources

Countries have been scrambling to claim territory or, like China, boost their presence in the region.

Norway wealth fund to tighten coal ban, add green infrastructure

The government proposes to expand its coal ban by adding absolute caps on production of thermal coal, or its use in power generation, which would target big companies.

Tesla boom lifts Norway's electric car sales to record market share

Almost 60% of all new cars sold in Norway in March were fully electric, a global record as the country seeks to end fossil-fueled vehicles sales by 2025.

Cyber attack hits operations at aluminum maker Norsk Hydro

The company couldn’t detail how much output had been impacted, but said the so-called potlines, which process molten aluminum and need to be kept running 24 hours a day, had switched to manual mode.

Norsk Hydro appoints new CEO amid Brazil woes

The company plans to appoint Hilde Merete Aasheim, who has been head of the company's Primary Metal unit since 2008, as its new CEO in May.

Norway gives go-ahead to disputed Arctic copper mine

Nussir says the area contains an estimated 72 million tonnes of copper ore - Norway's largest reserve.

Loophole lets Norway's $1 trillion fund boost its coal exposure

Norway’s massive sovereign wealth fund has increased its exposure to coal reserves even after imposing restrictions on investing in the fossil fuel according to a report.

Rio Tinto to restart sale of Icelandic aluminium plant

Rio Tinto is close to restarting a sale process for some of its aluminium assets, including a plant in Iceland.

Deep sea robots reveal mineral riches in the abyss

The scientists, from the University of Bergen in Norway, are sending robots 2,500 metres (8,000 feet) down into the waters between Norway and Greenland.

Norsk Hydro not buying Rio Tinto’s aluminum plant in Iceland

The Norwegian firm, one of the world’s top producers of aluminum and alumina, said the deal faced opposition from European regulators.

Norway survey reveals seabed sulphide mineral deposits

Norway's Petroleum Directorate has identified previously unknown deep sea sulphide mineral deposits.

Qatar Petroleum says will list 49 pct of its shares in aluminium plant

The state energy giant will list 49 percent of its shares in the country's aluminium smelter plant Qatalum in a public offering.

France's ERAMET bids $218 mln for Australia's Mineral Deposits

ERAMET said the offer would enable the full consolidation of the TiZir joint venture.

Brazil court denies Norsk Hydro request to resume production

Norsk Hydro ASA to resume full operations at its unit Hydro Alunorte, a court said, in the latest setback after allegations it had contaminated water in the area.

Norsk Hydro to buy Rio Tinto aluminum assets for $345 million

The proposed acquisition also includes an offer for Rio’s 53% stake in the Aluchemie anode plant in the Netherlands and its 50% share in the Alufluor aluminum fluoride plant in Sweden.

Helicopter operated by Russian coal company crashed in Arctic Norway

A Mi-8 helicopter operated by Russian coal company Arktikugol crashed on Thursday with eight people on board.

Australian-owned iron ore mine in Norway files for bankruptcy

The Norwegian mining subsidiary of Australia's Northern Iron Ltd will file for bankruptcy by the end of the day.

Iron ore price claims another scalp

Australia-listed Northern Iron warns of "material uncertainty of cash flow" and inability to extend debt maturities.

SEC tells Oxfam revision of Dodd-Frank rule on mining payments ‘not possible’ yet

The SEC said a rule requiring energy and mining companies to disclose payments to governments for the extraction of natural resources won't come until —at least— spring 2016.

Norway's sovereign wealth fund drops over 50 coal companies

Norway’s Government Pension Fund Global (GPFG), the world’s richest sovereign wealth fund, divested from over 50 coal companies in 2014, new analysis has revealed.

China’s alleged intentions to mine Antarctica spark global debate

New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.

Norway's oil decline accelerating

New oil projects are being scrapped in Norway amid falling production and low oil prices.

Mining the Antarctic a big no-no

Costs and challenges for mining the Arctic, meanwhile, on their way up.