Europe Top Stories

Pilot Gold highlights strong drill results in Nevada

Thursday's report highlighted the 12-hole, 4,230-metre 2014 winter diamond drilling…

BSGR files notice of dispute over lost Guinea mining rights

BSGR denied any laws were broken and accused president Conde…

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Canada makes a deal a day as mining M&A head towards $200 billion

The value of mergers and acquisitions in the mining sector more than doubled to $96.3 billion in the first six months of the year and could top $200 billion for the whole of 2011 says a new research report. Canadian companies – both as acquirers and as the targets of buyers – dominated corporate finance activity in the first half shaking on more than a deal a day and at 325 deals accounting for almost two-thirds of all the metals and minerals transactions carried out around the world.

India’s illegal iron ore mining scandal grows, could bring down state government

Indian Express reports Karnataka Chief Minister B S Yeddyurappa, currently holidaying in Mauritius, is among a slew of politicians, many of them from the BJP party, set to be named in a damning 8,000-page report on the illegal plunder of the Indian state’s iron ore resources over a decade. The report from the Lokayukta, an anti-corruption ombudsman organization, may lead to so called President's rule in Karnataka when a state legislature is dissolved or suspended and the state is placed under direct federal governance and is proving to be a huge embarrassment to the BJP leadership.

Grizzly adds to 2.4 million acres of land for Alberta potash project

Grizzly Discoveries Inc. announced on Monday it has applied for a new metallic and industrial mineral permit in Alberta along the Saskatchewan border covering approximately 4,672 hectares to add to its existing land holdings of more than 2.4 million acres for its Alberta Potash Project. Stocks in the micro-cap company was steady at 70c on Monday following the news and is worth more than double what it was at the start of 2011. Apart from potash Grizzly is exploring for gold and base metals in British Columbia and diamonds in Alberta.

Final environmental approval for new Namibia uranium mine

Namibia's Ministry of Environment and Tourism has granted environmental approval for the linear infrastructure for the proposed Husab uranium project to Extract Resources subsidiary Swakop Uranium. The approval, covering access roads, electricity, telecommunications and water supply, is the final environmental approval needed for the project. The project mining area received environmental approval in January. Extract is now waiting to receive a mining licence from the Ministry of Mines, according to managing director Jonathan Leslie.