Europe Top Stories

Fortescue cuts 700 jobs, slows down green hydrogen plans

Fortescue is revising plans to become a major green hydrogen producer, citing high energy costs as the main reason for restructuring and layoffs.

Cecilia Jamasmie | July 17, 2024 | 6:09 am

Rio Tinto names Shell’s Katie Jackson as new copper chief

Jackson, who is the current president of National Grid Ventures,…

Cecilia Jamasmie | July 17, 2024 | 3:33 am

Germany Chancellor plans lithium deal with Serbia after Rio ruling

Olaf Scholz plans to visit Serbia this week to secure…

Bloomberg News | July 16, 2024 | 3:32 pm

Agnico Eagle expands stake in First Nordic to 13%

First Nordic is finalizing its acquisition of the Oijärvi gold…

Staff Writer | July 16, 2024 | 10:32 am

Rio Tinto hails another step closer to develop Serbian lithium mine

If developed, the $2.4 billion Jadar lithium project in Western…

Reuters | July 16, 2024 | 8:25 am

Glencore’s Nordenham zinc smelter starts ramping up output

The smelter in Germany halted production in 2022 because of surging power prices after Russia invaded Ukraine.

Reuters | March 15, 2024 | 7:05 am

Cost advantage of natural hydrogen sparks energy companies’ interest – report

At the end of 2023, 40 companies were searching for natural hydrogen deposits, up from just 10 in 2020, new research shows.

Staff Writer | March 15, 2024 | 6:06 am

Cornish Metals CEO steps down

Ken Armstrong, a non-executive director, will step in as interim CEO.

Staff Writer | March 15, 2024 | 5:44 am

Rusal’s profit slumps on subdued prices despite higher sales

The world's largest aluminum producer outside China reported an 84.3% slump in its annual profit on Friday.

Reuters | March 14, 2024 | 6:22 pm

Russian diamond ban creates costly delays, Antwerp diamond dealers say

Dealers say disruptions would further erode the competitive advantage of the centuries-old diamond trade.

Reuters | March 14, 2024 | 6:45 am

Polish court allows Turow coal mine to stay open for now

Environmental groups have long criticized the environmental impact of the open-pit mine, and filed several lawsuits aimed at halting its operations.

Reuters | March 13, 2024 | 2:55 pm

Activist Tribeca asks Glencore to move main listing to Sydney

The hedge fund also recommended increasing dividends by discontinuing share buybacks and divesting a minority stake in Glencore's lucrative trading division.

Reuters | March 13, 2024 | 10:02 am

Smallest Turkish gold imports since 2022 improve current account

Net bullion imports, which peaked at nearly $5 billion a year ago, declined for a fifth month to reach $936 million in January.

Bloomberg News | March 13, 2024 | 9:54 am

Wyloo says industry will turn from LME without green nickel

The LME said that low carbon nickel could already be traded on its partner MetalsHub's system.

Reuters | March 13, 2024 | 7:42 am

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