GLUT: Oil sands crude drops below $60 a barrel
Bitumen derived oil hit by double whammy as discount widens to $37 a barrel and US crude plunges on inventory build-up.
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:
Horror story for gold investors continues Friday
Gold price slides again, the bloodletting among gold stocks intensify and ETF liquidations pick up speed.
Brigus Gold not rewarded for stellar Ontario drill results
Sentiment in the gold mining sector was so negative on Friday that Halifax-based miner's 18.09 g/t gold over 37.8m, including 39.45 g/t over 10.35m, failed to excite punters.
Gold stocks slaughtered, Barrick drops 10%
The world's number one gold miner led a sell-off on Thursday after announcing a stock sale to pay down debt at a deep discount.
Big vote of confidence for promoter of Brazil’s largest gold project
Defying a very weak gold sector, Belo Sun Mining soared 14% in heavy volume as investors take big bets the Toronto firm's Amazon gold project is a go.
BofA Merrill Lynch: ‘No damage’ to gold’s long-term uptrend
Bank of America Merrill Lynch's Head of Global Technical Strategy MacNeil Curry sees "at least $100 upside" for gold from current levels.
Hawkish Fed, weak Chinese demand sink gold price
Heavy selling saw gold give up $28 an ounce on Thursday after the Fed hinted its easy money program may be ending sooner than thought and Chinese premium buyers exited the market.
The Dalian effect? Benchmark iron ore price slides to 3-month low
Impact of first ever domestic Chinese iron ore futures are being felt on pricing of the steelmaking raw material.
Why Yamana Gold measures reserves at $950 an ounce
The Toronto-based company is conservative when it assesses projects and assets.
Batista files for bankruptcy
Latin America’s largest corporate default in history and a $32 billion destruction of wealth for Brazilian tycoon.
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.