Cliffs’ Bloom Lake hit with record environmental fine
The $7.5m fine was imposed following the Triangle Tailings Pond dam breach in May 2011 and other environmental missteps over a period of 18 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:
Iron ore price plummets on Chinese black swan talk
Iron ore price drops 3.5% Tuesday to levels last seen during the emergence of the spot market.
Australia cuts iron price forecast 33% on ‘structural change’
The severity of the slide in iron ore prices appears to have caught even the top exporting country's Department of Industry by surprise.
Dollar, oil wallop gold price
Gold price weakens sharply into holiday season as gold-oil ratio hits highest since February 2009.
Murenbeeld: Gold price to climb in 2015
Closely followed market commentator Martin Murenbeeld – chief economist at Dundee Capital Markets – feels gold market is "finally turning".
Oyu Tolgoi 2015 production forecast cut
Vancouver's Turquoise Hill lowers output estimates for Mongolian mine to 600,000oz–700,000oz of gold and 175,000t–195,000t of copper in concentrates.
Canada approves world’s largest copper-gold project
$9.5bn KSM project in British Columbia boasts reserves of 38m ounces of gold and nearly 10bn pounds of copper – mining 130,000 tonnes a day for 52 years.
CHART: Hedge funds won’t put money on 2015 gold slide
Compared to December 2013, bullish bets by large speculators in gold futures are three times higher going into 2015.
CHART: China vs copper – much better than you think
It's all about the base.
Trevali surges on polymetallic mine restart
Vancouver-based junior jumps 8.5% after hitting targets for re-start of 100%-owned Caribou zinc-lead-copper-silver-gold mine in New Brunswick, Canada.
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.