Australia govt forecast: Iron ore price below $100 for 5 years
Iron ore will recover to above $90 a tonne over the medium term, but dips to low $70s not ruled out.
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:
Inside potash potentate’s $300m yacht
Andrey Melnichenko is taking Uralkali and Potashcorp head on by building two $5bn potash mines, but spent the summer cruising from Ketchikan to Seattle.
Barclays cuts gold price forecast
Investment banks sees steady price erosion for rest of the year and an average of $1,180 an ounce in 2015 against a "bearish macro backdrop" for the metal.
Uralkali: No plans to bring back Russia-Belarus potash pact
No going back to clubby system of tightly controlled global supply and set prices that served North American and European producers so well in the past.
China a buyer amid ‘colossal imbalances’ in central bank gold hoards
As in the retail gold market, there's a giant sucking sound in the official sector going East.
Iron ore rally turning into dead cat bounce
After 4% surge on Monday, benchmark prices resume slide.
Escondida surprise lights fire under copper price
News of labour action at world's largest copper mine sends red metal 2.6% higher.
Turquoise Hill tax break revives Oyu Tolgoi expansion
Work on feasibility study for $6bn underground expansion of massive Mongolian copper-gold mine can resume after confirmation tax dispute is settled for $100m less.
What will Ivan buy next?
A GlenTinto is not as far-fetched as it sounds.
India gold imports rocket 176%
But domestic premiums of just $5 an ounce show demand is not as frenzied as last year when gold traders demanded as much as $170 above London price.
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.