How India’s war on gold backfired
Despite sky-high taxes and other punitive measures Indian gold demand will achieve a record 1,000 tonnes this year.
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:
SHUTDOWN: US won’t sell $340 billion of gold
Despite the crisis in Washington, the US Treasury says its 8,100 tonnes of gold is staying put and won't be used to fund government.
$100bn in private equity stalking mining assets
It may be too early for private equity players to gobble up juniors or put together mega-deals, but mid-tier miners may have new investors knocking on their doors.
China gearing up for earlier Simandou start-up
45% owner Chalco transfers investment in $20 billion Guinea project to state-owned parent.
Namibia diamond miner’s extraordinary tax burden
55% tax rate and 10% royalty on turnover makes life difficult for marine miner Namdeb.
Entrée Gold jumps on Oyu Tolgoi licence deal progress
Mongolia says will take 34% of Entrée. Vancouver-based explorer shares add 10%.
Mongolia cites Oyu Tolgoi progress, but Rio fees must be ‘reset’
The long-running dispute over financing and costs relating to expansion of Rio's flagship copper-gold mine could be over by the end of the year.
4 years late, $6bn over budget Sino Iron fires up one 4mtpa line
China's Citic Pacific's $8 billion magnetite mine in Australia has finally gone into production.
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.
Rio Tinto finds thermal coal the hardest sell
Bidders for its Clermont mine in Australia want too much of a bargain.
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.