Photos: Iran coal miners toiling for $15 a day
The miners work at a depth of 300 meters in two shifts of 6 hours per day and are hired on a contract basis for 400,000 tomans (about $200) per month
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:
AngloGold Ashanti wants to buy more small miners
AngloGold’s completion of five small, but high-value-yielding acquisitions over the past four years was expected to add about 700 000 oz/y to its production profile at about two-thirds of the cost its competitors would pay to build new assets.
Augusta Resources off to the races after environment permit granted for massive Tucson copper mine
Augusta Resource jumped more than 10% on Monday after announcing it has received an air quality permit for its Rosemont mine in Arizona which could by itself account for about 10% of annual US copper output once in production in 2015.
No project delays and capex freezes here: China’s biggest gold miner is growing at 60%
China's number one gold producer said Monday first-half revenues surged 61.4% to $7.8 billion compared to 2011 and should exceed $15.5 billion for the full year.
Fatal clash over $80 a month mining wage strains Zambia China relations
A Chinese supervisor died on Saturday after being hit by a trolley pushed at him at the Collum mine in Zambia during a dispute over minimum wages.
After burning fingers in Congo, First Quantum is going big in Zambia
The Vancouver-based miner inked a deal with a Zambian firm for a new mine on Monday adding to its already ambitious expansion plans totalling $3.7 billion which includes building one of the world's largest copper smelters.
Did you hear the one about the New Jersey swami that’s worth 175lb of platinum?
Congregants are expected to throng the Shree Swaminarayan temple in New Jersey this Sunday to ceremonially weigh their guru in honour of his 70th birthday. Preliminary estimates are that Swami Purushottampriyadasji's good works are worth just under $4 million or the equivalent of 40,000 catalytic converters.
Molycorp stock in freefall as falling cash flow forces it to find new financing
Today's decline brings Molycorp's losses since hitting a high of $77.54 on May 3 2011 to over 80% giving it a market value of $1.1 billion.
Mongolia’s champion of resource nationalism is going to jail for four years
Former president Nambaryn Enkhbayar was found guilty on corruption charges and sentenced to four years in prison just weeks after he made a political comeback with his Mongolian People’s Revolutionary Party as the junior partner in the new ruling coalition.
‘Fed up’ gold mining boards to continue hacking top management
“We interpret that lack of capital discipline and stock underperformance has reached a breaking point in the mining sector and we expect further management changes to come.”
Value of EV battery nickel second highest on record, cobalt at 30-month high
Low LFP-penetration markets, Europe is off to the races in 2025 and US buyers pull forward purchases before subsidies end.
