Iron ore price slides after China data shock
Near 2-month low after Chinese lending, output and spending data indicate deepening economic malaise with broadest measure falling to 2009 levels.
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:
Oyu Tolgoi feasibility study won’t have financials or schedule
Talks ahead of September 30 funding deadline continue and feasibility study for $5bn expansion of Mongolia mine almost complete, but huge gaps remain.
Glencore zinc and nickel output drops
Mines in Australia and Dominican Republic put on care and maintenance and Canadian operations' reserves depleted during first half of the year.
China’s rare earth industry will look very different in 5 months
WTO ruling an afterthought as Beijing approves sweeping changes to its rare earth industry and fast-tracks state stockpiling.
About those Chinese iron ore miners cutting output
It's just not happening; thanks to support from China's local governments says new report.
Gold price rallies on Iraq, Ukraine
Near one-month high on chaos in Iraq, threats of Russian invasion of Ukraine and a sharp pullback in equities.
$180bn investment for Africa infrastructure through 2025
Still only 2% of global spending on infrastructure projects according to new report.
Huge miss at Randgold’s Kibali
Output falls 19% at $2.5 billion DRC mine.
Rio Tinto’s cuts are the deepest
Profits double after CEO Sam Walsh trims $3.2 billion of fat six months ahead of target and announces another $1 billion in cuts by end-2015.
Newmont still keen on Barrick merger
Newmont CEO Gary Goldberg says interested in restarting merger talks that collapsed in April.
Top 50 mining companies power through Iran war – up $250 billion in 2026
The world’s 50 biggest mining stocks shrug off global turmoil hitting a combined $2.4 trillion value in Q1, but the tide did not lift all boats.