UK Mining News

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.

Randgold, Newcrest join forces to explore Ivory Coast for more gold

The new venture is part of Randgold's ambitious plan to discover three new deposits in the next five years.

US Presidential election forecast 2016 – will America vote for BrExit freedom?

It's the 2nd of November and not just America but the whole world is counting down to the US election day.

Randgold eyes three new mines as higher gold prices boost profit 55%

The gold miner also expects to be in a position to increase dividends by the end of the year.

Aussie iron ore magnate Rinehart invests in UK's biggest potash mine

Sirius Minerals’ York mine is expected to be one of the world’s largest in terms of the amount of resources extracted, generating an initial 10 million tonnes of polyhalite per year.

Decision on coal mine close to UK reserve ‘could spell end’ to industry

Banks Group’s Highthorn coal mine would provide about 100 jobs during its five-year operation, with no mining activity planned within 500 metres of Druridge Bay beach.

Huge shot in the arm for uranium price

Europe's biggest energy project and the UK's first nuclear plant in a generation is greenlighted.

Banks backstop Sirius Minerals for $2.9B UK potash mine 

Plans for a new potash mine in northern England moved a step forward on Thursday when the mine developer announced it has lined up six companies to backstop the project.

Randgold profits down after ‘tough quarter’ of production issues

The UK based miner struggled after gold output slumped at key locations.

Crowdfunding in the mining sector: will the UK be next to join this trend?

The concept has been around for some time in various fields, including new technology, entertainment and media, and has been relatively successful. As a result, some mining companies have decided to utilise it.

Successful and sustainable mining industry key to building Mali’s economy — Randgold

Randgold’s mines in Mali annually accounted for between 7% and 11% of the country’s GDP, with Loulo having already contributed $2.3 billion to the country’s economy.

Structural problem forces London Metal Exchange to relocate

Traders are momentarily based at a windowless disaster-recovery site in Chelmsford, east of London.

China signs long-delayed potash deal with Belarus at 30 pct less than last year’s price

Analysts see the long-awaited deal to sell potash to Chinese buyers as good news for the beleaguered sector, even though the agreed price is dramatically lower than last year’s.

Here’s why silver is shining brighter than gold

Silver prices rose Monday as much as 6.9% to an intraday peak of $21.132 an ounce, its highest value since July 2014.

Russia-Belarus potash pact may stage a comeback

Belarus has said it might cooperate with Uralkali, in the first sign the two sides might work together since the Russian potash producer broke off their business alliance in 2013.

Ex LME CEO to set up new metals trading platform for London

Martin Abbot says brokers are unhappy with the exchange's new fees as well as the sense that the LME is moving away from its traditional metals trading roots.