Europe Top Stories

Fortaco opens sales office in Germany as part of European expansion

Today’s heavy industries are built on partnerships. Complex projects in the construction, mining, forestry, agriculture and energy sectors increasingly depend on sub-contractors and partners to build machinery or develop engineering expertise to turn plans into results.

Russia cuts gas supply to Ukraine as talks fail

After months of debate the outcome is that supplies have…

Vale and Amazon Indians begin talks after threats of setting mine on fire

Vale said the tribe wants to modify an agreement to…

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SinoCoking Coal and Coke Chemical Industries, Inc. announces Hongchang and Xingsheng coal mines cleared for resumption of operations

SinoCoking Coal and Coke Chemical Industries, Inc. (Nasdaq: SCOK) (the "Company" or "SinoCoking"), a vertically-integrated coal and coke processor, today announced that Hongchang and Xingsheng coal mines have been cleared to resume operations at full capacity. The Hongchang mine has been operated by Baofeng Hongchang Coal Co., Ltd., a subsidiary of Henan Pingdingshan Hongli Coal & Coke Co., Ltd. ("Hongli"), which the Company controls through contractual arrangements. Baofeng Xingsheng Coal Mining Co., Ltd. ("Xingsheng"), of which 60% equity interest is now registered to Hongli, has been operating the Xingsheng mine.

North Country Gold Corp. extends high-grade gold trend at Three Bluffs and Three Bluffs West to depth and along strike

North Country Gold Corp. (TSX VENTURE:NCG) (NCG or the "Company") announces the third tranche of results from the 2011 drill program at the Three Bluffs Gold Project in the Committee Bay Greenstone Belt located northeast of Baker Lake, Nunavut, Canada. Drilling has intersected high grade gold to depth and along strike, west of the current resource area at the Three Bluffs and Three Bluffs West zones, increasing the strike length of the core Three Bluffs zones to over 1300 metres. Drilling has also confirmed the presence of mineralization over an additional 700 metres of strike between the Three Bluffs West and Antler zones.

Mugabe threatens western firms in Heroes Day speech

As the country marked Heroes Day, Robert Mugabe used the occasion to make fresh threats to punish foreign owned companies from Western countries that have imposed targeted sanctions on him and his key ZANU PF officials. The US and European Union slapped the sanctions on Mugabe and his cronies because of human rights abuses.

Thompson Creek announces 2011 second quarter revenue up 28.6% to $190.9 million and cash flow from operations up 30% to $53.6 million

Thompson Creek announced revenue for the second quarter of 2011 was $190.9 million, up 28.6% from $148.4 million in the second quarter of 2010. Revenue for the first six months of 2011 was $397.6 million, up 44% from $276.2 million for the same period in 2010. Sales volumes for the second quarter of 2011 were 10.8 million pounds, up 25% from 8.6 million pounds in the second quarter of 2010. Sales volumes for the first six months of 2011 were 22.4 million pounds, up 30.4% from 17.2 million pounds for the same period in 2010.

Australian workforce ‘too soft’, says mining company CEO

A tough-talking mining company CEO is warning that Australia suffers from "rich country's disease" and is in danger of becoming a welfare state unless workers discover a "hunger for excellence." The Sydney Morning Herald reports that Andrew Michelmore — the former head of Western Mining Corporation and now chief executive of Chinese government dominated MMG, based in Melbourne — said he lamented the immobility of the Australian workforce and the resulting skills shortage in remote areas such as Western Australia's Pilbara.

BBC doc shows beatings, rapes at Zimbabwe diamond fields

Kimberley Process members may be regretting their decision in June to allow Zimbabwe to export diamonds, with a new BBC documentary showing security forces beating and raping prisoners at two camps in the Marange diamond fields. The New York Times reported on the release Monday of the documentary "Panorama", which said the camps held workers recruited by the police and the military to diamonds for them, and then demand a large share of the profits: "According to the report, a released prisoner who was not named said guards at the camps were beating prisoners three times a day, with 40 lashes at a time. Dogs were loosed to bite shackled inmates, and imprisoned women were frequently raped, the program said."

Gold could hit $2500/oz before year-end: JP Morgan

Gold investors could reap record windfall benefits from the economic uncertainty that crashed global stock markets Monday, say J.P. Morgan commodity analysts Colin Fenton and Jonah Waxman. The analysts predicted bullion could rise to $2500/ oz by the end of 2011, compared to an earlier J.P. Morgan prediction of $1800/oz, made before Standard and Poor downgraded the US debt.

Altius, Cliffs expand Canadian exploration venture

Newfoundland-based Altius Minerals has expanded its exploration agreement with number-one US iron-ore miner Cliffs Natural Resources to include a new project in northern Labrador, it said on Monday. Image of serpentinized ultramafics with Cr pods in the Pipestone Pond area, by Altius Minerals