Chinese bank calls $1.6 trillion local government debt a timebomb
"Impulsive" newly elected local governments over-invest in large infrastructure projects in China. Like this 42km long bridge.
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:
China to close 5,000 coal mines this year
The world's coal exporters rejoice.
Chicago Mercantile Exchange slashes precious metal margins
Benchmark COMEX 100-ounce gold futures contract will be cut by 10% to $5,940.
Asteroid mining company is now hiring. Just in time for 2012 DA14
Planetary Resources needs prospectors - preferably by Friday when 130,000 tonnes of rock will narrowly miss earth.
Newmont’s Peru ambitions take another knock as water authority rejects Yanacocha expansion
First Conga, now a new pit at South America's biggest gold mine is blocked.
China is going coal crazy: imports jump 56%
Increase comes on top of record 2012.
Windfall tax on Aussie miners falls flat
$130 million over the first 6 months versus $2 billion target for the year.
World’s richest man Carlos Slim’s mining firm run out of town
Minera Frisco suspends exploration near Tetela de Ocampo after protests by residents and environmental activists.
Belo Sun drops 7% as doubts over $1 billion Amazon gold mine creep in
Brazil's federal authorities issue new warnings about environmental and social impact of the country largest gold project.
Fresh blow to Nat Rothschild in Indonesian coal boardroom brawl
Advisory firm tells shareholder to vote against some of his proposals.
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.