Europe Top Stories

Rio Tinto’s lone female board member to be joined by three more women

Changes over the course of 2020 will bring the total…

Alrosa finds first large coloured diamond at new Yakutia mine

The 17-carat bright yellow gem-quality stone was unearthed at the…

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Energold Drilling Corp. announces closing of acquisition of Bertram International Corp

Energold Drilling Corp. (EGD: TSX.V) ("Energold" or "the Company") is pleased to announce that it has closed the definitive strategic acquisition agreement announced June 22, 2011 (see press release dated June 22, 2011) with Bertram International Corporation ("Bertram") whereby Energold has agreed to acquire all the outstanding shares of Bertram for total consideration of $15 million and assume long term debt and lease obligations of approximately $3 million as of June 30, 2011.

Union power in Pilbara boosted by ruling

A landmark victory in the Federal Court looks set to give unions more power to bargain on behalf of workers at Rio Tinto and BHP Billiton iron ore operations in the Pilbara. The full bench of the court has ruled that a non-union collective agreement covering workers in Rio Tinto's operations was invalid. Yesterday's decision casts doubt on similar agreements at BHP and other operations in the mining region, involving thousands of workers.

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Macarthur coal exports plunge amid due diligence

Macarthur Coal, the mining group that is the target of a $4.7 billion takeover bid by US energy company Peabody Energy and steel giant ArcelorMittal, has suffered a steep slide in sales a result of wet weather. Macarthur's sales in the June quarter tumbled 22.5%, with its annual sales down 26.5% to 3.9 million tonnes. Peabody and Arcelor have sweetened the deal following a couple of failed attempts in the past three years and is set to complete due diligence at the end of the week.

CDE announce distribution agreement for Africa with Pilot Crushtec

CDE have announced the addition of Pilot Crushtec to their global distributor network with responsibility for South Africaand sub-SaharanAfrica. Pilot Crushtec will promote the full range of CDE washing equipment including the Evowash sand washing plant, Prograde screens, M2500 mobile washing plant, Rotomax logwashers and Aquacycle thickeners.