Frik Els , Editor

Vale back to work at Carajás after blockade lifted

Vale was granted a preliminary environmental license for the new mine in June, but the $100 billion company has run into problems with the project before.

Frik Els | October 5, 2012 | 7:05 pm

Kloppers offloads $5 million BHP stock. Don’t worry it’s just a tax thing

At the same time the 50-year-old boss of the world's number one miner also pocketed 300,000 BHP shares worth more than $10 million thanks to the company's employee share incentive scheme.

Frik Els | October 5, 2012 | 6:25 pm

Not one Chinese iron mine makes money at $80. There’s your new price floor

The outlook for iron ore has certainly become more clouded since July, but some of the more bearish analysts may be overshooting on the downside.

Frik Els | October 4, 2012 | 11:55 pm

Gold stops just short of $1,800, US jobs could push it over

Disappointing non-farm payrolls could push gold to new 2012 high.

Frik Els | October 4, 2012 | 11:55 pm

Iron ore: Who let the bears out?

It's worth remembering that the price of 62% iron ore never strayed from $10 – 14 a tonne for more than 20 years.

Frik Els | October 3, 2012 | 7:49 pm

South African strikes spread to iron ore

75,000 miners, or 15% of the sector's workers in South Africa, are now on wildcat strikes.

Frik Els | October 3, 2012 | 2:20 pm

Frontier Rare Earths jumps 10% on Korea talks

Frontier is advancing the Zandkopsdrift rare earth project in South Africa and in December sold 10% of the venture to Kores for $23.8 million. The South Korean state-owned company now wants to ink a more comprehensive deal.

Frik Els | October 2, 2012 | 2:46 pm

McEwen puts Vantex Resources on the map, stock up 20%

Mining veteran and Goldcorp founder, Rob McEwen, bought 500,000 shares in the Toronto-based explorer on the open market to bring his stake to 7.8 million shares or 12.4% of the company.

Frik Els | October 2, 2012 | 2:02 pm

BHP mega-projects: Jansen potash now ‘leading one horse race’

It would also be sweet revenge for the Anglo-Australian miner to put up shop in Potash Corp's backyard after being so summarily dismissed two years ago.

Frik Els | October 1, 2012 | 9:36 pm

Anglogold warns of closures as strike losses top $55 million a week

South Africa accounts for roughly a third of Anglogold's annual output and the company is losing 32,000 ounces – worth more than $55 million at today's prices – of production a week.

Frik Els | October 1, 2012 | 6:46 pm

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