Europe

Russian potash producer Uralkali has announced plans to carry out repair work at the damaged Solikamsk-2 mine, after flooding halted production last week.   Due to water inflow at the mine, a 30m by 40m sinkhole is said to...

Central Rand Gold has signed a non-binding Memorandum of Understanding (MoU) with Hiria that may result in the sale of its Netherlands subsidiary for $150m.   Central Rand Gold owns mines and prospecting areas around Johannesburg and its Central...

Canada-based diversified base metals company Lundin Mining has completed acquisition of an 80% ownership stake in Candelaria / Ojos del Salado copper mining operations for $1.8bn from Freeport-McMoRan.   As part of the deal, Lundin Mining has acquired mine...

A new mining venture started by former Xstrata CEO Mick Davis, X2 Resources, has secured another $1bn from investors.   With the additional monies secured, X2 has amassed up to $4.8bn of funds including $3.3bn of committed equity capital...

Scotland-based engineering firm Weir Group has signed a deal with Kuala Lumpur-based private equity firm Navis Capital to purchase Trio Engineered Products, a Chinese-American mining services firm, for $220m.   The acquisition will allow Weir to expand its mining...

Swiss power and automation technology group ABB has unveiled a new technology that is designed to help engineers easily resolve electrical problems in mines right from their control room.   The new technology called the System 800xA mining integrated...

India-based JSW Steel (JSW) is reportedly in talks to purchase the British iron ore mining firm London Mining.   London Mining, which operates a small mine in Sierra Leone, has recently accumulated significant debts due to fall in the...