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Coal futures drop to $50/t first time since 2003 as Goldman calls peak

SINGAPORE – Coal futures are trading at $50/t for the first time since 2003 as the commodity downturn deepens, and US investment bank Goldman Sachs says the resource will never gain enough traction again to lift it out of its slump. Tumbling coal and metals have weighed heavily on mining shares this week, led by […]

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The Final Conference of Minerals4EU, Minerals Intelligence Network for Europe

The Final Conference of Minerals4EU, Minerals Intelligence Network for Europe, took place in Brussels on 25 August 2015, hosted by the Royal Belgian Institute of Natural Sciences (RBINS). In this Conference the results from the 2-year intensive work of 31 partners from 25 European countries, including 25 National Geological Survey Organisations were presented. The main […]

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Consistency key in uranium: Young

VIMY Resources managing director Mike Young has called for change in Australia’s approach to the uranium during a presentation at the Diggers & Dealers Mining Forum in Kalgoorlie. Drilling at Mulga Rock. After opening remarks comparing uranium to the Collingwood Football Club as a symbol which he said evoked irrational emotion in people, Young challenged […]

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A permanent body: A new solution for sustainability of the Minerals4EU project

The final Minerals4EU Stakeholder Workshop was organised on the 17th June, as part of the 8th European Congress on Regional Geoscientific Cartography and Information Systems (EureGeo), held in Barcelona. The Congress was attended by over 150 scientists from all around Europe. Mr Ovadia, the exploitation manager of the Minerals4EU project, opened the workshop highlighting the […]

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Stocks to Watch

APRIL brings the start of a new quarter and many will be hoping for an improvement in conditions. MiningNewsPremium highlights what to look out for this month. Needless to say, a close eye will be kept on the iron ore and nickel prices, which are at 10 and six-year lows respectively. Analysts remain bullish on […]

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Ukraine oligarch calls for nationalisation of industrial assets

One of Ukraine’s most powerful oligarchs has called for some of the country’s prized industrial assets to be nationalised, claiming that their privatisation was a criminal conspiracy to rob the state of billions of dollars. Igor Kolomoisky, a billionaire businessman, told the Financial Times that Ukraine should not receive any new funds from the International […]

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A new ICMM report – The role of mining in national economies

A new ICMM report provides a comprehensive picture of how important mining is to economies across the world, with evidence that the mining and metals industry makes its most significant contribution in the most impoverished regions of the world. The role of mining in national economies builds an understanding of the scope, scale, impact and […]

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Coal Mine Accident in Western Turkey

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Reindustrialization of Europe – Minerals Industry Contribution

Brussels, 20 November 2014: Today at the Non-Energy Extractive Industry Panel Conference, Euromines presented its position paper: “Minerals Industry Contribution to Sustainable Development”. In the document, Euromines’ members highlight the importance of needing a healthy industrial market within the EU, what the mining industry needs to answer the new European Commissioner’s call for increased investment […]

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Nolans to start production in 2019

ARAFURA Resources has provided more detail on the development timeline for its Nolans rare earth project in the Northern Territory, forecasting production to start in 2019.   The site of Arafura’s Nolans project in the Northern Territory. The new update came with the release of the Nolans development report, which will form the backbone of […]

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