Coal price rally bypassing US miners
As seaborne coking (up 227% year-to-date) and thermal coal (up 128%) continue to rally, decline in US domestic prices, exports resume long-term down trend.
Frik Els , Editor
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
HSBC: Add $200 to gold price if Trump triumphs
Rattled investors seek safe haven.
Tight race sparks gold price jump to 4-week high
"Increased volatility and the potential for geopolitical tensions associated with a Trump victory are likely to fuel safe-haven buying."
Copper price extends rally on China surprise
Chinese gauge of manufacturing activity "unambiguously upbeat, consistent with broader evidence that economy is in the midst of a cyclical recovery"
Equity markets all but closed for mining IPOs
Miners have to look at debt, private investors and alternative financing like pre-pays for growth capital according to new report.
Glencore closes another zinc mine
Black Star deposit at Mount Isa in Australia depleted after 13 years of operation.
Chinese buy world’s largest mining project
Rio Tinto announces deal to exit Guinea and giant Simandou iron ore project.
Gold price back on the defensive after US growth surprise
Metal is now down more than $50 an ounce in October.
Deal to snatch gold mining crown eluding Newmont
Barrick says sale talks are "robust" but with strongest pipeline in gold mining Denver-based Newmont may soon become globe's top producer anyway.
Physical gold market in largest surplus in a decade
New report shows higher gold price during third quarter sparked 20% surge in global scrap supply even as jewellery sales in Asia fall to multi-year lows.
Top 50 mining companies power through Iran war – up $250 billion in 2026
The world’s 50 biggest mining stocks shrug off global turmoil, hitting a combined $2.4 trillion value in Q1, but the tide did not lift all boats.