UK Mining News

Nearly 2,000 Zambian villagers can sue Vedanta in England – Supreme Court

The latest ruling raises the prospect that other companies could face legal action in England related to their activities abroad.

Diamond trading on the open exchange moves closer

The U.K.’s financial regulator has authorized U2 Diamond Prices Ltd. as a benchmark administrator, joining firms such as FTSE International Ltd. and ICE Benchmark Administration Ltd.

Johnson Matthey chooses Poland to produce new battery materials

Chemicals group Johnson Matthey has secured a site in Poland to produce battery materials and signed a 10-year supply deal with Canada's Nemaska Lithium.

Commodity traders say more needs to be done to promote women

Women account for less than 5% of senior management at top trading houses, Bloomberg reported last year, and companies are under pressure to improve gender parity.

ENRC sues U.K. fraud cops as corruption charges loom

The lawsuit is the latest escalation of a public battle between ENRC and the white-collar crime prosecutors that has been in and out of the courts since at least 2014.

Galantas to increase gold processing at its Northern Ireland mine

The miner is targeting production of 2,000 to 2,500 troy ounces of gold concentrate per month.

Coal mining comes back to the UK with $218 million project

West Cumbria Mining plans to open the country’s first new deep coal mine is a step closer after councillors in the English county of Cumbria unanimously approved the project.

Sirius Minerals puts alternative plan for potash project on the table

The Woodsmith mine will be one of the world’s largest in terms of the amount of resources extracted — It's set to generate an initial 10 million tonnes per year of polyhalite, a form of potash used in plant fertilizers.

BHP hit with $59 million tax bill on Singapore profits

Federal Court said BHP must pay tax in Australia on profits made by its Singapore-based marketing arm on the sale of commodities owned by the UK arm.

Cornish secures further funding to build lithium mine in UK

The funds will enable the company to expand activities in south-west England and to drill exploratory boreholes to extract samples of lithium-bearing brines.

Hedge-fund bear Odey said to gain 53% in a bleak year for rivals

Hedge-fund contrarian Crispin Odey’s bearish bets finally paid off as the stock-market selloff he had long predicted kicked in.

Big coal wants consumers to pay for fixing its pollution problem

"CCS is a get-out-of-jail card and a great business opportunity,” - Michael Liebreich, founder of Bloomberg NEF research group.

UK's Banks Mining wins challenge to government rejection of new coal mine

Britain's High Court quashed the government's rejection of the new mine on the grounds that the minister did not provide adequate evidence for his decision.

Galantas Gold shares soar after court confirms Irish mine consent

A judge ruled that an appeal brought forward by a local resident had failed and confirmed planning consent for an underground gold mine.

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.

LME to maintain discounted carry trade fees indefinitely

LME believes the discounts have had a positive impact on trading volumes - the mainstay of the exchange's revenue.

ENRC wins UK appeal in attorney-client privilege case

A UK appeals court overturned a decision forcing a Kazakh mining company to hand over documents to prosecutors who are investigating the firm for corruption.

Thieves jump on cobalt craze with $10m warehouse heist

The explosion in cobalt prices over the past two years has made the metal enticing for crooks, with each ton fetching $82,500.

LME to launch monthly 'implied pricing' for base metals

Starting on July 30, the LME will start providing a set of synthetic monthly prices for the six main base metals —  copper, aluminum, zinc, lead, nickel and tin.

How mining tycoons are trying to foil a big UK bribery probe

The case will undoubtedly frustrate attempts to bring criminal charges against them and drag out proceedings for months, if not years.

Glencore shareholders mull suing firm over corruption, bribery probes

They claim mounting investigations into the firm’s dealings in the DRC, where it’s heavily invested, has made the stock collapse and investors may seek compensation for the losses caused by it.

US probe darkens Glencore horizons from Africa to Americas

Investigation is casting a wider net with the addition of Venezuela and Nigeria to its investigation, increasing the likelihood that Glencore’s management will get bogged down in a lengthy legal process.

Glencore hammered as US requests documents in corruption probe

Shares fell as much as 13% after the miner and commodities trader was told by US Department of Justice to produce documents on Nigeria, Congo and Venezuela.

Galantas Gold jumps after hitting main vein at Irish mine expansion

It means the company can now begin limited production, with increased feed to the mill expected in a couple of months.

Sirius Minerals soars after securing supply deal for Nigerian market

Shares in Sirius Minerals (LON:SXX) were off to the races on Wednesday after it announced it had secured a major seven-year African supply deal.