Europe

Russia's central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price…
Helena Marjaranta, (FM) has been appointed Vice President, Global Communications at Metso as of December 1, 2015. She will be based in Helsinki. Helena's responsibility area covers external and internal communications. She reports to Urs Pennanen, Senior Vice President, Customer and Marketing Operations. Helena Marjaranta joins Metso from the Finnish…
Lonmin (LON:LMI) shareholders decided Thursday to approve a deeply-discounted $407 million share issue, as the struggling platinum miner seeks cash to stay afloat. Hurting from strikes, rising costs and weak platinum prices, the South African company said last month it also planned to raise another $370 million in loans to…
A recent survey by Timetric's Mining Intelligence Center (MIC) asked over 630 mine managers and senior decision-makers across more than 500 mines globally, to nominate the leading manufacturers (in first and second place) for different types of mining equipment, including pumps and submersibles, regardless of their own supplier. With more…
Metals Exploration has been served a suspension order for certain mine construction works at the Runruno Gold Project in the Philippines while it deals with impacts from Typhoon Lando (Koppu). The super-typhoon passed close to the Runruno development project and as a result the site was impacted by two days…
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