Europe
This is the 106-carat diamond Alrosa unearthed from its Jubilee pipe
This is the 106-carat diamond Alrosa unearthed from its Jubilee pipeRussia's Alrosa, the world's top diamond producer by output in carats, said Thursday it has recovered a 105.6-carat diamond from the Jubilee kimberlite pipe. The stone, described as being...
Europe
Down again: iron ore sinks below $40 a tonne
Valeโs Carajรกs iron ore complex, located in a remote corner of the Amazon rainforest. Iron ore prices got hammered again Friday, sinking to a 10-year-low of $39.40 a tonne, the lowest ever recorded by price assessor The Steel Index...
Europe
Anglo American set to announce dividend cut next week
Anglo American set to announce dividend cut next weekEarlier this year, Anglo announced a $3.5bn write-down related to the value of its flagship Minas-Rio iron ore project in Brazil. (Image courtesy of Anglo American) Global miner Anglo American (LON:AAL)...
Europe
Glencore axes jobs, coal output at Australiaโs mine as price collapses
Mining and commodities giant Glencore (LON:GLEN) said Monday it is cutting production and 80% of the remaining staff at its Collinsville mine in Australiaโs north Queensland as a result of collapsing coal prices. The cuts would affect around 180...
Europe
Rio Tinto axes spending forecast by $1.5 billion
Rio, which is Australia's biggest iron ore exporter, has been a massive driver of expansions, adding millions of tonnes of seaborne supply to the market in the last year. Rio Tinto (LON:RIO) announced Tuesday fresh cuts to its spending...
Europe
Mining in Europe began more than 4,000 years ago, study reveals
Krause and his team, which includes archaeobotanists and a large number of students from Goethe University, have been researching in the area for 15 years. German researchers have detected traces of mining activity in Central Europe dating back to...
Europe
K+S Potash to hire 150 workers for its Canadaโs Legacy project
K+S Potash to hire 150 workers for its Canadaโs Legacy projectWhile some companies in Saskatchewan, Canadaโs and the worldโs potash heart, are axing production or set to layoff employees, Germany-based fertilizer producer K+S AG is looking to hire hundreds....
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