Europe

The iron ore deposit, known as Isua, is located 150 kilometres from Nuuk and represents the largest commercial project in Greenland’s history.

In a statement on its website, London Mining said the mine was expected to produce 15 million tonnes a year of "very high quality iron ore concentrate to the global steel industry". It is thought that the company will now begin a search for investment partners for what will be a multi-billion dollar project.

Construction of the Hinkley Point C plant in Somerset will be overseen by a consortium led by France’s EDF Energy and including Chinese companies China National Nuclear Corporation and China General Nuclear Power Corporation as minority shareholders in the project. The involvement of the two latter companies comes in the wake of an announcement by the UK Chancellor that Chinese firms would be allowed to invest in civil nuclear projects in the UK going forward.

Located at the eastern end of the prolific Iberian Pyrite Belt in the province of Seville, Spain, Cobre Las Cruces (CLC) is a highly innovative open pit mine and the first industrial installation of its kind to operate within Europe.

Providing direct employment to 800 employees, as well as generating approximately 1,500 indirect jobs, CLC represents a major €840 million industrial investment into an area that also spans the Spanish provinces of Badajoz and Huelva, and extends through the south of Portugal.

The Swedish firm, famed for its flat-pack furniture and huge warehouse-like stores, announced a rise in global sales of 3.1 percent to 27.9 billion euros for the year, with like-for-like sales rising 1.8 percent during that period.

The company pinpointed Russia and China as the sources of some of its strongest growth, while also insisting that significant progress continues to be made in the US as well.

At the time when Alexander Graham Bell and Charles Sumner Tainter carried out the first wireless telephone conversation in 1880, even their great minds probably couldn’t have envisioned how significant a part this technology would go on to play more than 120 years later. Today, barely a week goes by before a new wireless device is brought to market and the spread of the technology in developing countries has come to be one of the tell-tale signs of economic strength.

Established in November 1944, with the construction of the Compostilla thermal plan in Ponferrada, in the province of Leon in Spain, Endesa is today one of the largest electric power companies in the world. As well as being Spain’s largest utility company, it is also the leading private multinational enterprise in Latin America and a major player in the gas sector.

Following the unexpectedly strong support Mrs Merkel has received from the German electorate the next question will be: how will she now navigate the complex negotiations in a way that will safeguard her interests? It is thought she may seek a ‘grand coalition’ with the Social Democrats (SPD), which won approximately 26 percent of Sunday’s vote, however she is not making her mind up just yet. Addressing a rally at CDU headquarters, she told her supporters “This is a splendid result: We can celebrate tonight because we have done something fantastic.