Iron ore price faces big China bail out test
Iron ore drops to 12-week low ahead of Beijing decision whether to bail out giant iron ore, steel trader and Rio Tinto JV partner on the brink of default.
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 rally fizzles
Gold's momentum broken despite hedge funds adding 66% to bullish bets on futures prices.
Platinum price: VW taketh away, Toyota giveth
Platinum price up 14% in two weeks gets further boost as Toyota unveils big push into fuel cell cars where PGM loadings are typically 7 times higher.
BHP raising $6.5bn fresh sign of mining turnaround
"There'll always be investors wanting to get in early, but the junior market would only really start to benefit once majors instil investor confidence."
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%.
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.
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.