United Kingdom 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.

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.

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.

Rio Tinto sells Scottish aluminum assets for $410 million

With this deal, Rio has now agreed to more than $1.3bn in divestments this year.

Polemic around Canadian firm’s gold project in Ireland heats up

Locals oppose to the Dalradian Resources' plans to build a processing plant at its Curraghinalt project, which will use cyanide to extract gold.

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.

Brexit may hamper Britain’s plans to abandon coal

Expert says coal-fired generation may remain a key part of Britain's energy supply for longer than planned.

Historic Cornwall tin mine could re-open in 2018

Vancouver junior will start environmental work in September at South Crofty mine in south-west England where mining dates back to the Bronze age.

UK Royal Mint sees major gold rush in wake of interest rate cut

Transactions on the Mint’s bullion website increased by 25% during the first week of August and there was a 50% weekly jump in sales of gold bars and coins after August 4.

Structural problem forces London Metal Exchange to relocate

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

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.

Endeavour holds groundbreaking ceremony to mark the start of Hounde construction with President of Burkina Faso

The ceremony celebrated an important milestone for both Endeavour and the government of Burkina Faso, as Hounde is expected to become the Company's flagship low-cost mine and a prominent mine within the country.

UK Royal Mint sales up more than a third ahead of Brexit vote

Elevated demand has translated into a 150% increase in revenue for Britain's official producer of gold and silver coins and bars.

Royal Mint opens gold vault to British pension investors

Pensioners allowed to buy some of the Royal Mint's gold reserves for the first time.

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.

Cornwall tin: Revival of the fittest

Tin mining in the UK appears to be seeing something of a revival.

India says Kohinoor diamond belongs to Britain

The gem has been at the centre of a diplomatic row between India and the UK, with New Delhi arguing for decades that it should get it back.

Slow growth, production cuts, divestment expected for Europe mining sector

Analysts outline five key themes resources companies in Europe will have to deal with in the next few months.

This country just ended its coal power production

Scotland has stopped generating electricity from coal for the first time in more than 100 years.

Vancouver junior buys 26 UK tin mines

Tin price is up more than 25% since January.

Global coal imports heading for second year of ‘dramatic’ drops

The EIA says China and India are to blame, as imports from both nations — which from 2008 to 2013 accounted for 98% of the increase in world coal trade —are on their way down.

World coal consumption to drop up to 4% further by year-end

Use of coal for power generation peaked about two years ago, a new report suggests.

Last standing underground coal mine in the UK to close next month

The closure of Kellingley Colliery, Britain’s last deep coal mine, marks the end of a 300-year industry that once employed over a million workers.