Britain carves out exemption for gold clearing banks from Basel III rule

Mining News Pro - A British regulator said on Friday that banks clearing gold trades in London could apply for an exemption from tighter capital rules due in January 2022, removing what some said was a threat to the functioning of the market.

Britain's Firestone to sell Botswana diamond mine for $50 000

Mining News Pro - Britain's Firestone Diamonds has agreed to sell its Botswana mine to a local company for just $50 000, after previous attempts to offload the mine it valued at $10-million in 2014 fell through.

Britain blocks plans for new coal mine in northeast England

Mining News Pro - The British government has refused to allow a new open cast coal mine to be built in northeastern England, the Minister for Housing, Communities and Local Government Robert Jenrick said.

Britain’s accelerating transition to electric cars

Mining News Pro - Britain’s transition from petroleum to electricity in road transport is accelerating, albeit from a low base, and will start to have a significant impact on oil consumption towards the end of the decade.

Britain goes two months without power from coal plants

Mining News Pro - Britain is about to pass a significant landmark — at midnight on Wednesday it will have gone two full months without using electricity from coal fired power stations for the first time since the industrial revolution.

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