Monster rally for gold stocks
After another day of heavy buying Barrick's up 38% from September lows, number three Anglogold has recovered a stunning 76% and Kinross has soared 48%.
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:
Gold price makes a break for $1,200
Gold broke out of its trading range on Wednesday spiking 2% higher as hedge funds catch up to a switch in sentiment towards commodities.
Decades later $90 billion African mine still a distant dream
Guinea President Alpha Conde: "There have been people at Simandou for 15 years, 20 years, and they’ve never produced a tonne of iron."
Zinc price rally has further to go
Zinc is the top pick at LME Week, the metal world's largest annual gathering, amid speculation that as with zinc Glencore could ride to rescue of nickel.
Chinese copper imports surge
Up 30% in September to highest since January 2014.
Gold price jumps to 3-month high
Hedge fund bulls drive gold price into breakout territory as Middle-East war hots up.
Mick Davis first investment a $3bn contrarian gamble
Mick Davis' X2 Resources has emerged as the last remaining bidder for Rio Tinto’s coal assets in Australia’s Hunter Valley.
South Africa gold companies face massive lung disease suit
Hundreds of thousands of workers are suing 32 gold mining firms after contracting silicosis and tuberculosis working the country's ultra-deep gold mines.
Another two copper mines added to Glencore fire sale
Glencore's Cobar in New South Wales and Chile operation Lomas Bayas could fetch anything between $500m and $1 billion.
China launches massive military manhunt for coal mine killers
Helicopters, drones search 16,000 square km area sealed off to find perpetrators of knife attack that killed 60 workers at a northwestern Chinese coal mine.
MEGAMINES: Top 10 most capital intensive bulk mining projects
When these stomach-churning capital outlays start to produce returns, they do so in spades and over generations.
