Spain Mining News

Spain asks EU for US$125 billion to support its banks

In order to ring off contagion if Greece exits the euro, Spain will ask the EU for US$125 billion to support the country's banks.

Thousands of Spanish coal miners on indefinite strike and calling for massive protest tomorrow in Madrid

After a week of protests, Spanish coal miners have decided to go on indefinite strike amid fears their entire industry is about to go to the wall, after the government slashed the coal’s sector subsidy by two-thirds.

Return to the Rio Tinto

If there is one mining project anywhere in the world that could warrant the old Hollywood blockbuster title of Back to the Future it must be EMED Mining’s Rio Tinto copper venture in Andalucía, Spain.

Global, Indian, Spain, Iran refined copper production rises in Q1: WBMS

Global refined copper production rose by 3% year-on-year to 4.95 million tons in the first quarter (Q1) of this year with significant increase in Spain, Iran and India, as per latest data released by World Bureau of Metal Statistics (WBMS).

Astur Gold submits environmental impact assessment

Astur Gold Corp. (TSX-V: AST, Frankfurt: CDC) ("Astur Gold" or the "Company") announces the submission of the Environmental Impact Assessment ("EIA") to the General Directorate of Mines of the Principality of Asturias.

Unheard of mineral discovered in a cave in Spain

A team of researchers from the Geological Survey of Spain and the Complutense de Madrid University has discovered a new mineral, the zaccagnaita-3R, in a cave known as “The Soplao,” located in the historical northern region of Cantabria.

Lundin paying up to $78 million for 80% stake in Spanish copper mine

Europe-focused Lundin Mining has cut a deal for an 80% stake in a copper mine in northern Spain.

FT: Spain and Portugal on the brink of mining renaissance

TSX-listed Emed Mining hopes to re-open the Rio Tinto copper mines in southern Spain after an almost 30-year hiatus.

Astur Gold Enters Into Joint Venture With Silver Swan for La Codosera Property

Astur Gold Corp. (TSX VENTURE:AST)(FRANKFURT:CDC) ("Astur Gold" or the "Company") is pleased to announce that it has entered into a legally binding Joint Venture Agreement with ASX-listed Silver Swan Group Limited (ASX:SWN) ("Silver Swan") allowing Silver Swan to earn up to an 80% interest in Astur Gold's La Codosera gold property by incurring AUD$3M in exploration expenditures.

Iberian Minerals reports 2011 net income of $173.7 million

The Company reported net income of $173.7 million for 2011, representing $0.42 per share.

Early-stage investing opportunities: James West and Tobias Tretter

The Midas Letter Opportunity Fund, a new niche fund, focuses on early-stage micro-cap miners in the junior resource sector.

Chile’s mining industry hunts for renewable energy

As oil prices continue to rise, and nations around the world look for ways to weather an energy crisis, Chile is turning to one of its own best renewable resources – solar energy – to supply much needed power.

Astur Gold Announces EIA Advanced to Next Phase

Astur Gold Corp. (TSX VENTURE:AST)(FRANKFURT:CDC) ("Astur Gold" or the "Company") has been notified that the Directorate General of Environment of the Principality of Asturias has commenced preliminary consultation work towards an Environmental Impact Assessment Study ("EIA") for Astur Gold's Salave gold project.

Lundin Mining Reports on Neves-Corvo Future Underground Materials Handling Study

Lundin Mining Corporation (TSX:LUN)(OMX:LUMI) ("Lundin" or the "Company") provides a summary of the results of the initial Future Underground Materials Handling Study (the "Study") for its Neves-Corvo mining complex in southern Portugal. This conceptual level study identified and evaluated the underground materials handling and access options necessary to pursue the exploitation of the deeper Lombador copper/zinc resources as well as the Semblana copper deposit which are adjacent to the Company's Neves-Corvo mine.

Nickel wards off pancreatic cancer

In a study of pancreatic cancer, Spanish researchers found that patients with high concentrations of nickel and selenium were least likely to suffer from the disease.

Iberian hits new polymetallic zone west of Agua Tenidas mine in Spain

At first, due to a typo, it looked like Iberian had hit high-grade gold. But with a quick correction, gold turned to silver. HALIFAX, NS - Iberian Minerals (TSX-V: IZN) discovered a new zone of copper-zinc-lead-silver not far from its operating Agua

Salave gold project progressing as National Bank targets $3.30 share price

Astur Gold's Salave gold project in northern Spain got a boost last week when National Bank initiated coverage on the Vancouver-based junior explorer.

Ormonde-Antofagasta venture to extend Spain copper project

Ormonde Mining announced on Monday it has been awarded four new permits, which extend the area of the La Zarza copper project in the Huelva Province of southern Spain by around 95 square kilometres. La Zarza is being developed in a joint venture of London-listed Chilean miner Antofagasta dating back to October 2009. In terms of the deal Antofagasta could earn an initial 51% interest in the La Zarza permit area by spending US$7 million over a three year period on exploration activities.

Ten more years for Spanish nuclear plant

Spain's nuclear regulator has unanimously approved a ten-year operating licence extension for the two-unit Ascó nuclear power plant, covering the period 2011-2021. The Consejo de Seguridad Nuclear (CSN) has submitted its report approving the continued operation of the plant to the Spanish Ministry of Industry, Tourism and Trade, with whom the final decision on the licence extension will lie.

Barcelona Manager supporting diamond cause

Fresh from exciting European soccer fans around the world with a successful UEFA Championship campaign, FC Barcelona Manager Pep Guardiola is lending a hand to support an Israeli medical cause. An official Champions League ball signed by Guardiola is up for auction organized by the Israel Diamond Exchange.

Solid extends high grade mineralized zone at Doade-Presqueiras rare metals project, Spain

Solid Resources Ltd. "SOLID" or the "Company" TSXV: SRW Frankfurt: YRS is pleased to provide assay results from an additional 4 holes drilled as part of the Phase 3 program that is currently underway at the Companys 100% owned Doade-Presqueiras rare metals project in North-western Spain, 25 km east of the port city of Pontevedra. Hole S0-11-04, which was previously pending is now included. The results of hole S0-11-12 deserves special recognition for two reasons: firstly because results like this are the best to date in the northern section of the property known as the Presqueiras area.

EMED sees copper deposits for potential second mine in Spain

Toronto and London listed exploration and development company EMED Mining said on Tuesday it found significant potential new copper deposits near its Cerro Colorado open pit operations in Spain (pictured), sending its shares up over 5% in afternoon trade. In May the Cyprus-based company announced Andalucia, one of Spain's autonomous regions, gave approval for the plans to restart its flagship Rio Tinto copper mine, which was placed on care and maintenance in 2000. Production is scheduled to start in 2012 following further approvals.

Orvana completes US$15 million bridge loan

Orvana Minerals Corp. (TSX:ORV) announced today that, as contemplated in the agreement entered into with Fabulosa Mines Limited ("Fabulosa") on May 16, 2011 and previously announced by Orvana, it has entered into an agreement with Fabulosa for a six-month, secured convertible US$15,000,000 bridge loan from Fabulosa, which bears interest at a rate of 8% per annum.

Orvana announces commissioning of El Valle-Boinas/Carles gold/copper mine, northern Spain

Orvana Minerals announced the commissioning of its El Valle-Boinás/Carlés ("EVBC") gold-copper mine in northern Spain by Kinbauri España S.L.U. ("Kinbauri"), a wholly owned subsidiary of Orvana. EVBC initiated the start-up and commissioning of the mill May 31, 2011, with the first shipment expected in June. EVBC will initially produce at 70% capacity, increasing to its full annual target production levels of over 100,000 ounces gold, 3,900 tonnes copper and over 150,000 ounces of silver once the shaft is completed in early 2012.

BIV: Edgewater chasing down Spanish gold

BIV reports: Less than a year has passed since Vancouver junior Edgewater Exploration (TSX-V:EDW) picked up a gold property in Spain and already the company has increased reserves there 400%. On Tuesday, industry veteran and Edgewater president and CEO George Salamis said the company’s Corcoesto property contained some 325,000 ounces of gold in measured and indicated categories, and more than 1.1 million ounces in an inferred category. Read the full story here