Anglogold walks away from Gabon JVs with Silver Bull
The JVs dates back to October 2009 and AngloGold spent approximately $5.7 million on exploration at Ndjole-Mevang and $3 million at Ogooue.
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:
India’s coal mines threaten dwindling tiger population
India's tiger population has dwindled from tens of thousands a century ago to a mere 1,411 according to the last official census.
Draghi drags gold under $1,600
Gold dropped 1% to below $1,600 an ounce for the first time in a week on Thursday after disappointment over efforts to stimulate the economy from the US Federal Reserve was followed by more of the same from the from the European Central Bank.
Outer Harbour outta here! When BHP gives up on iron ore growth then you know the mining boom is over
The mining giant is also scaling back or postponing other expensive expansion projects but the pullback in iron ore – by far the Melbourne-based company's most profitable division – is a surprising move and indicative of the cloudy outlook for the commodities business.
Add German complications to Papua New Guinea problems for Nautilus undersea mine
The Toronto-based company said in the report it continues to engage the government of PNG in legal proceedings held in Sydney Australia but that it has run into trouble with its German partners building a surface vessel for the operation which would lead to delays.
Southgobi up 6% at open as Chalco bid is extended
SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) climbed 6.25% on Thursday as markets opened after announcing it was notified by majority shareholder Ivanhoe Mines that […]
Dilution ahoy! Nautilus offers major investors new shares for less than 52-week low
Nautilus Minerals dropped 7.3% to $1.02 in late-afternoon trade on Wednesday, after the Toronto-based firm announced that it is raising $34 million from its major shareholders at 90c a share to build its seabed mining system.
No more queuing – LME embarks on warehouse review
LME's warehousing operations "have been dogged by controversy since big banks and trading houses including Goldman Sachs and JP Morgan Chase bought warehousing operations."
BHP’s performance on the ground fails to lift shares off 3-year lows
The stock hit a high of $50 in May 2008 and came close again in April 2011, but at $170 billion, the Melbourne-based company is now valued at some $80 billion less that at its peak.
China’s lower manufacturing reading masks ‘notable rebound’
After adjusting for seasonality, the reading shows that the manufacturing sector is actually improving, thanks to the slew of stimulus measures implemented by the Chinese government.
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.
