Speculators dump Western Potash after Chinese deal disappoints
Stock is down 11% after $32 million injection from China fails to excite those hoping for a premium takeover.
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:
Gold price consolidates recent gains
Building a base above $1,400 an ounce.
Fears Brazil will force Vale into new Argentine potash deal
Former and current presidents of Brazil appear to be working hard at resurrecting the $6 billion-plus project.
Dr Doom Roubini: Gold bugs hype ‘ended up being counterproductive’
Famous economist gives six reasons gold is heading for $1,000.
Gaddafi’s gold, diamond billions ‘found in South Africa’
The dictator's assets, which by some accounts could top $80 billion, are stashed in bank accounts and vaults around the world.
Report: China starts stockpiling metals again
The Chinese State Reserves Bureau has returned to the nickel market in a big way. Copper may be next.
India tightens gold import rules further
Barring state-run firms from importing gold and making the metal less attractive as an inflation hedge also being considered.
Iron ore price: China’s weekend surprise could stop slump turning into rout
Better economic news from China over the weekend could help iron ore prices recover from last week's big scare.
Grasberg could stay shut for two months after Indonesia minister calls for halt
Indonesia orders all production stopped at Freeport mine until an independent investigation – which is expected to take two months – is completed.
Centerra Gold says Kumtor returning to normal
Vice president Rodney Stuparyk said the road to the mine has been reopened and power – cut by protesters earlier in the week – has been restored.
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.