BHP cuts divvy first time in 27 years, shakes up executive
Iron ore and petroleum division heads to leave world number one miner after $5.7 billion loss in six months.
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:
Mining stocks rally as iron ore price surges 7%
Across the board gains on hopes of renewed Chinese metals demand.
America’s top coal producers of 2015
These mines accounted for more than one quarter of U.S. coal production in 2015.
Junk status beckons for these 14 miners
Anglo American and Freeport's credit ratings were recently slashed to well below investment grade – other marquee mining names may soon share the same fate.
Newmont could overtake Barrick as top gold miner this year
Barrick's shrinking production profile could see output fall by 1.5m ounces within two years. World no 2 Newmont Mining forecasts 14% growth next year.
Barrick throws off cash first time in four years
Production declines of as much as 1.5m ounces within two years shifts company's focus to costs with target of $700 per ounce all in.
Fitch junks Anglo overhaul on South Africa fears
Ratings agency worries about exposure of much-diminished mining company to Africa; after restructure responsible for 54% of earnings.
Lucapa finds 404 carat diamond in Angola
Australian company says extremely rare Type 2a D-colour stone is the biggest diamond ever found in Angola.
Iron ore price surges
Strong Chinese iron ore imports spark 5.6% jump in the price and puts iron ore firmly back in a bull market.
Anglo American debt down to junk, outlook negative
Moody's worried about company's bulk portfolio, especially iron ore, while its radical restructuring "faces high execution risk".
Mining’s next boom is off the map: Arctic ice, abyssal plains and asteroids
Depletion, lower ore grades and higher prices pushing miners to new frontiers. The Arctic is already drawing capital, deep-sea mining is moving into a regulatory fight, and space remains the long-dated option.