Iron ore price plunges to 6-week low, producers hammered
Iron ore price drops 2.2% as stockpiles in China surge to new record and worries over country's property market mounts.
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:
Platinum, palladium dive as strike turns violent
Workers desperate after three months without pay loot shopping mall and set community buildings alight.
Copper price extends rally as Beijing catches hedge funds short
Copper's the only commodity in a net short position. With news China is adding to strategic stockpiles, hedge funds are scrambling to find 375m pounds they don't have.
Gold price retakes $1,300 on Ukraine tensions
Gold jumps second day in a row as Ukraine war of words and action on the ground intensifies.
Brazil appeals court rules in Vale’s favour over $10bn tax bill
Brazil's second highest court has ruled in favour of iron ore giant Vale in a $10 billion decade-long dispute over taxation of foreign subsidiaries.
Vancouver gold junior pops on Mexico discovery
Cayden Resource's maiden results from a new target at its El Barqueño project in Mexico adds another 6% to an 80% share surge in 2014.
Texas ranch family gets $3 million in ‘fraccident’ suit
Jury awards Texas family $3m for health problems like nausea and nosebleeds said to be as a result of a fracking well a few kilometres from their farm.
CHART: So far so good on the 3-year gold, silver stocks rule
In three decades, the Philadelphia Gold & Silver Index has never declined four years in a row.
Roxgold’s robust Burkina Faso feasibility rocks stock
Toronto junior is up 46% this year and feasibility for Yaramoko improves on what was already one of the lowest cost and highest grade projects anywhere in the world.
Pilot Gold takes off as Nevada discovery delivers again
Vancouver junior is expanding summer drilling after step outs at recent Kinsley Mountain discovery returns 10.6 g/t over 30.0m, including 16.1 g/t over 16.5m.
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.