UK Mining News

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.

Lower Q3 and Mali tax row take the glow off Randgold

Miner said full-year profit and output was on track despite a third-quarter dip, but its shares slid to a three-month low after its CEO did not rule out seeking arbitration over a tax dispute in Mali.

Hedge fund sues Barclays Bank for £650M over alleged copper market rigging

Red Kite, the largest metals hedge fund in the world run by UK Conservative Party donor Michael Farmer, is alleging that Barclays Bank attempted to rig the copper market through insider dealings with the London Metal Exchange.

Coal power set for one last hurrah

Britain's remaining coal-fired power plants could enjoy an 11th-hour revival in the early 2020s despite the Government’s drive to cut carbon emissions, if ministers choose not to risk raising household energy prices.

About a third of global concentrates now registered to trade on this new exchange

Open Mineral Exchange has managed to attract mining companies and smelters wanting to cut out the middlemen and save cash on deals for concentrates.

UK Labour leader says he'll invest in former mining towns and steel industry

Jeremy Corbyn, whose Labour Party came second in the 2017 UK general election, has reached out to communities hit hard by the downtown in the coal and steel industries.

UK coal use drops to 135-year low

Once the engine of the Industrial Revolution rooted in the UK, coal is now less popular than ever as an electricity source.

UK lithium start-up gets $1.3 million to build new mine in Cornwall

Claims that Cornwall is sitting on a multibillion-dollar lithium bonanza will soon be tested as newcomer Cornish Lithium has now enough money to start exploring the region.

Former Glencore traders launch concentrates trading platform

The online marketplace, named Open Mineral, will let miners put up tenders for their concentrate directly to end-users.

Randgold schedules Massawa project for feasibility finalization

Company will make final decision on its development by mid next year.

Work starts on controversial North York Moors national park potash mine

Park authority confirmed Sirius Minerals has started building its mine.

INFOGRAPHIC: The numbers behind the world's closest trade relationship

Whether we’re discussing the ancient merchants that traversed the legendary Silk Road, or the transfer of goods across modern border lines, trade has always been about building close relationships.

Loulo-Gounkoto sets sights on another big year as Morila legacy project takes shape

The Morila operation continues to deliver value in its post-mining phase while progressing plans to develop the site into a commercial agricultural hub after its closure in 2019, Randgold Resources chief executive Mark Bristow said at an on-site media briefing today.

Galantas Gold plummets as it halts Irish mine expansion on terrorism fears

The miner had to put its plans on hold because the Police Service of Northern Ireland said it cannot secure daily anti-terrorism cover for its blasting operations at Omagh gold mine.

Potash producer Belaruskali to make new kind of fertilizer — report

The company is also said to be mulling a number of investment projects involving a Chinese chemical company.

Galantas Gold soars on news of Irish mine expansion

After acquiring new equipment last year, Galantas is moving mining work underground at Omagh.

Britain's CO2 emissions at levels not seen since 1894

Emissions of carbon dioxide from coal fell 50 per cent in 2016 as use of the fossil fuel dropped by 52 per cent, contributing to an overall drop in carbon output of 5.8 per cent last year compared with 2015.

Denmark's largest energy firm to ditch coal by 2023

Coal consumption had been cut by 73% since 2006, Dong Energy said, and its power stations would replace the fossil fuel with sustainable biomass.

Coal use in Europe on its way out — report

Coal generation in Europe is falling and will continue to do so due to competition from cleaner energy sources and governments efforts to cut emissions, a study by The Economist Intelligence Unit (EIU) shows.

Randgold resumes Tongon mine operations after deal with workers

Employees who had staged an illegal sit-in at the mine returned to work Wednesday after management and authorities reached a deal with them, the company said.

Randgold Resources hit by illegal sit-in at Tongon mine

Company said talks are underway to stop an illegal sit-in that started last week by some employees demanding annual ex-gratia payments.

London Metal Exchange boss steps down after divisive year

Jones will leave his current position at the exchange and serve as an adviser until the end of this year, according to a statement from Hong Kong Exchanges & Clearing Ltd, which owns the London bourse.

This start-up plans to be a top lithium miner in the UK

Cornish Lithium Limited is hoping to lead the development of a lithium industry in the UK after acquiring the rights to drill for the mineral in the ancient mining region of Cornwall.

Gold’s slim price recovery this year boosts supply fears

Situation has worsened as a result of a shortage of new discoveries, cost cutting measures and miners digging out higher-grade material for a short-term gain, say experts.

Billion-pound cash infusion clears path for UK potash mine

The chances of a potash mine taking shape on the Yorkshire moors just got a whole lot better, thanks to a major financing.