Scotland Mining News

Rio Tinto sells Scottish aluminum assets for $410 million

With this deal, Rio has now agreed to more than $1.3bn in divestments this year.

'Significant milestone' for new gold mine in Scottish highlands

Scotgold believes gold and silver from its Cononish project near Loch Lomond in Trossachs National Park would attract a "significant premium".

This country just ended its coal power production

Scotland has stopped generating electricity from coal for the first time in more than 100 years.

Extremely rare mineral found in 1.2-billion-year-old meteorite impact in Scotland

The finding is more than double the age of the previous oldest known occurrence of reidite, believed to have formed about 450 million years ago.

$1M worth of Viking treasures unearthed in Scotland

More than 100 objects, including solid gold jewellery, arm bands and silver ingots are part of the trove, one of the largest discoveries of Viking treasure in Scotland.

UK’s 310-tonne gold reserves in limbo if Scotland becomes independent

A triumph of the "Yes Scotland" campaign would have to be followed by negotiations with London over a raft of assets.

Weir abandons $6.1bn bid to buy rival Metso

The Finnish firm rejected a sweetened multibillion-dollar bid on the grounds that it was "significantly" undervalued and appeared "opportunistic."

Metso rejects Weir’s $5.5 billion merger approach

The combined equipment manufacturer would be listed on both the London and Helsinki Stock Exchanges.

Scotland approves controversial coal mine

The mine is expected to produce 10 million tonnes of coal over 10 years.

Hargreaves to pick up Scottish Coal assets

Preferred bidder also bought mines from second largest open pit coal miner in Scotland in December.

Scotland sets up trust to save coal industry

Move follows liquidation of Britain's number one coal supplier last week.

Scotland turns whisky 'leftovers' into biofuel for cars

In what is claimed to be a world first, a Scotland-based independent malt whisky producer will start using bacteria to feed on the "leftovers" from the booze making process in order to produce fuel for cars.

Scotgold expects licence for Loch Lomond gold-silver mine in May

Scotgold Resources announced Tuesday it expects to receive a mining lease from the Crown for the Cononish gold and silver project, the only one of its kind in the UK,  in May this year. Production could start early in 2013.