UK Mining News

Glencore drops as British regulators looming probe adds to Congo issues

Britain’s Serious Fraud Office plans to open a formal bribery investigation into Glencore and its deals with Israeli billionaire and former partner Dan Gertler.

Canadian explorer looking to restart Europe's last tin mine to list in London

Vancouver-based Strongbow Exploration expects the London listing to help it raise 25 million pounds ($34 million) over the next 18 months, which will use to study the feasibility of resuming production at the South Crofty tin mine in Cornwall.

HSBC pulls the plug on coal

Europe’s largest bank won’t fund new coal power plants, oil sands and arctic drilling, except in Bangladesh, Indonesia and Vietnam.

UK goes a record 55 hours without coal as clean power expands

Coal, which fueled the world’s biggest economies for more than a century, is increasingly losing out to renewables.

Strike halts gold output at two Randgold mines in Mali — union

The strike at the company’s Loulo and Gounkoto mines is related to the payment of bonuses and will continue until the issue is resolved.

Randgold Resources Tongon mine in Ivory Coast hit by strike

Recurrent industrial action by the workforce of a subcontractor it's jeopardizing Tongon's 290,000-ounce production forecast.

Britain blocks plans for new coal mine on climate grounds

Britain plans to phase-out coal use at its power stations by 2025 as a part of its efforts to meet its climate targets.

Sirius seeks $2bn in government-backed debt for Britain’s biggest fertilizer mine

Securing the debt will be the final milestone to bring the York project into production.

Lloyd's of London to divest from coal over climate change

Lloyd’s of London, the world’s oldest insurance market, has become the latest financial firm to announce that it plans to stop investing in coal companies.

Renewables generated triple the power of coal in 2017, UK figures show

British wind farms generated more electricity than coal plants on more than 75% of days this year.

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.