Oil sands M&A slumps to 9-year low
Canadian crude industry badly affected by increased government scrutiny of deals and a slump in the price of bitumen-derived oil.
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:
Rio Tinto finds thermal coal the hardest sell
Bidders for its Clermont mine in Australia want too much of a bargain.
Copper price gains on talk of massive Codelco premium hikes
Codelco could raise premiums by as much as 50% from this year's $98 a tonne:
Gold price spikes after Fed hints taper would only happen in 2014
As long as the money printing continues gold will attract hard asset investors.
Uralkali chief out of jail
Upheavals in the potash market continues.
Roubini: Fed taper will be slow – 3 years to normalize rates
Gold price will benefit from a continuation of Fed's stimulus program.
Canada crude discount doubles in 3 months
Alberta's bitumen-derived oil is trading for $38 a barrel below global benchmarks.
CHART: $9 trillion monetary expansion not keeping gold afloat
The world's central banks have pumped more than $9 trillion into markets, but the gold price no longer mirrors this unprecedented monetary expansion.
China puts $6bn valuation on 20mtpa Sierra Leone iron ore mine
Shares of African Minerals surged 47% on Thursday after one of China's largest iron-ore trading companies injected $990 million into its Tonkolili mine.
Eric Sprott sold 6m insider shares to throw Barkerville lifeline
Sprott extended $15 million loan to Barkerville which will use the money to keep operating and apply for reinstatement on the TSX Venture Exchange.
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.