Europe Mining News

Pan Global gets access to Torrubia copper target in Spain

The Canadian miner said that being able to enter Torrubia provides access to approximately 1.9 kilometres of strike with the widest and strongest soil copper geochemistry in the north part of the Torrubia trend.

British Steel collapses after failing to secure extra funding

The High Court has ordered the compulsory liquidation of the company, although staff will remain employed for now as the liquidator oversees the operation of the main site in Scunthorpe.

Aurubis buys recycler Metallo in move beyond copper

Europe's biggest copper smelter has agreed to buy Belgian-Spanish recycling company Metallo Group for 380 million euros ($424 million).

Merkel cabinet approves $45B in aid for coal regions

The aid package launches a drive to transform chimney-stack economies into high-tech centers and will help Germany achieve its climate goals for 2030 and put it on the right path for meeting 2050 targets.

British Steel risks collapse with 25,000 jobs at stake

The possible collapse of British Steel comes after Germany's Thyssenkrupp and India's Tata Steel ditched a plan this month to merge their European steel assets to create the EU's second largest steelmaker after ArcelorMittal.

BHP more bullish on long-term EV prospects

The world's largest miner has revised up expectations for electric vehicle sales and market penetration, but warns the electrification of the transport sector will proceed only as fast as the development of charging infrastructure does.

Canada’s Pure Gold starts trading in London

The decision to take a dual listing comes as Canadian investors shun junior miners, preferring the buzz and growth potential of cannabis producers.

Confusing signals cloud London nickel market — opinion

The LME nickel market was last week gripped by the most acute tightness in a decade.

Only one-eighth of the solar system should be mined – study

Researchers want space-miners to focus on the Moon, Mars and iron-rich bodies tumbling through the asteroid belt and leave things such as Jupiter and Saturn alone.

Poland’s KGHM hits production record, expects Sierra Gorda to exceed target

Europe's second-largest copper producer also posted its best quarterly results in the last three years, with revenue rising by PLN 1.2 billion (about $312 million).

Army puts backers off multibillion-dollar Zimbabwe platinum mine

A plan to build Zimbabwe’s biggest platinum mine at a cost of about $4 billion is floundering because a military stake in the project has deterred potential backers.

Aurubis confirms bleak profit outlook on lean markets, shutdowns

Europe's largest copper producer expects operating pre-tax earnings in its 2018/19 fiscal year to fall significantly by more than 15% compared with the previous year.

Rio Tinto may start mining lithium in Serbia by 2023

No decision will be made until the end of 2020, when the company expects to have completed a study on the Jadar, which is estimated to contain 10% of the world's lithium reserves.

Erin Ventures working to bring boron project in Serbia towards feasibility

The Piskanja project has an indicated mineral resource of 7.8 million tonnes averaging 31% B2O3, and an inferred resource of 3.4 million tonnes averaging 28.6% B2O3.

www.xstvk.icupanies need to start thinking seriously about ESG — opinion

The introduction of new, tougher standards point to a harsher, less forgiving approach to enforcement and larger fines for www.xstvk.icupanies that fail to complain to regulations as well as environmental and social expectations.

Poland to hold high-level talks on Prairie Mining coal projects dispute

Poland's prime minister and other government officials will meet on Tuesday to discuss a threat by Australia's Prairie Mining to sue Warsaw over difficulties it faced in developing coal projects.

Polish government has turned energy market into a 'tragedy,' regulator says

Poland's energy market is being left to speculators after repeated interventions by the government have put off long-term investors.

Old boys' club LME appoints first female chair in its history

Gay Huey Evans, one of the best-known women in European finance, will replace Brian Bender when he retires from the board in December.

China’s environmental crackdown buoys lead, zinc

Zinc stocks plummeted from 900,000 tonnes at the beginning of 2014 to around 120,000 five years later - due to a rash of zinc mine closures over the past few years and tighter environmental restrictions in China.

Financing deals, deficit to buttress physical aluminium prices

Three-month aluminium fell to $1,784 a tonne on Thursday, the lowest since January 2017.

Steelmaker ArcelorMittal downbeat on main Europe market

The world's largest steelmaker cut its forecast for demand in its main market Europe on Thursday after lower steel prices depressed earnings at the start of the year.

Rio Tinto shipping more aluminium to Europe as US demand slows

The company says demand for its products had not been impacted by the US-China trade dispute.

Trading houses caught in crossfire of Russian oil contamination

Trading houses Vitol, Glencore and Trafigura are caught in the crossfire between Russian oil producers and Western buyers.

Rusal's political comeback powered by "green" aluminium

In April, Rusal landed a major equity and supply deal with Braidy Industries, which is building the first greenfield aluminium rolling mill in the United States in 37 years.

Norway's KLP fund cuts coal exposure

Norwegian pension fund manager KLP has sold $366m of bond and equity exposure in 46 companies, including leading miners BHP and Anglo American.