Frik Els , Editor

Japan’s restart, supply shortages could see uranium price return to $70

Apart from developments in Japan and the expiry of the Russia-US nuclear weapons agreement Beijing restarting its construction programme after a review will support oxide prices.

Frik Els | June 17, 2012 | 6:33 pm

Largest merchant fleet owner scrapping up to 18% of ore carriers as rates sink 98%

Rates for Capesizes have plunged 98% to just under $4,000 a day from the eye-watering rate of $234,000 set in June 2008 while the Baltic Dry Index which measures overall shipping costs has declined 48% this year alone.

Frik Els | June 17, 2012 | 5:39 pm

Ekati is just not cutting it. Harry Winston sitting pretty as De Beers also drops bid

De Beers considered a bid for BHP Billiton's 80% stake in Canadian diamond mine Ekati, but has now become the latest interested party not to submit an offer, perhaps leaving the door open for jewellery retailer Harry Winston to pick up the massive producer for a bargain price.

Frik Els | June 16, 2012 | 8:03 pm

GFMS says gold hedging is a peripheral issue. Others not so sure

Moderate net hedging by gold producers is expected for the full year, but GFMS-SocGen stressed that it did not mean a shift in management attitude towards hedging.

Frik Els | June 15, 2012 | 5:38 pm

End of an epoch as Hong Kong exchange takes over 135-year old LME

The three losing bids were all from the US and the deal marks a decisive shift in the commodities trading business away from Chicago and London to Asia.

Frik Els | June 15, 2012 | 1:57 pm

Thermal is wrecked: Chinese inventories climb to 2008 financial crisis levels

In China’s Qinhuangdao, the world’s largest coal port by capacity, inventories have exceeded levels last seen in late 2008 during the height of the financial crisis.

Frik Els | June 14, 2012 | 9:20 pm

Scathing report calls India’s 2,600 mines ‘out of control’

Illegality in the mining sector has deprived state governments of badly needed revenues, threatened the industry with costly and unpredictable shutdowns, and generated political chaos that helped bring down two state governments in 2011 and 2012.

Frik Els | June 14, 2012 | 6:11 pm

Bloodletting at Gabriel Resources over latest Romania setback

Shares in Gabriel Resources were hammered again over the latest Rosia Montana shambles, dropping 6.9% on Thursday. Its losses for the week now top 15% and it also received the dubious honour of being included in the S&P TSX grouping of most volatile stocks.

Frik Els | June 14, 2012 | 3:39 pm

Small and medium-sized miners: It’s time to dust off your hedge book

A hedging u-turn is in the making.

Frik Els | June 13, 2012 | 9:15 pm

BHP’s already eye-watering Olympic Dam expansion bulked up again

World number one miner BHP Billiton on Wednesday bought additional exploration plots near its Olympic Dam mine and $30 billion expansion project.

Frik Els | June 13, 2012 | 2:01 pm

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