Grexit and gold: The first 46 hours
A report on how a Greek exit from the Eurozone may play out based on synthesized scenarios from 21 economists, analysts and academics.
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:
Olympic Dam Taskforce CEO to doubters: We’re planning 10,000-strong village, already building airstrip for 737s
The copper-uranium-gold-silver project has a 100 year mining life, so a glitch this year was unlikely to sway a company that thinks well ahead, the CEO of the Olympic Dam Taskforce said Tuesday.
Patriot Coal is burning down
Trading in the stock was halted in a circuit breaker around lunchtime after falling 57.6% over doubts about its finances and is now worth less than tenth of what it was in July last year.
Copper off to the races after Wen comments
Copper saw a strong start to the trading week adding 1.8% following pro-growth comments by the Chinese premier Wen Jiabao over the weekend.
Hard coal landing: Australia scraps $9 billion port expansion
The state government has scrapped plans for a $8.8 billion coal terminal expansion project at Queensland's Abbot Point, Australia citing funding issues and environmental regulations, but China's slowing economy probably had more than a little to do with it.
Gold rally runs out of steam before $1,600 mark
Traders said support given to Greece to stay in the Eurozone at the weekend's G8 meeting and a stronger dollar hurt the yellow metal.
Billionaire battle: Property tycoon says Rinehart is bilking him out of iron royalties
Gina Rinehart, the world of mining's 4th richest person, is meeting a fellow billionaire Stan Perron in the Australian supreme court this week in a fight over – no surprises here – iron ore royalties.
Iron ore hits six-month low as China just says no
Iron ore prices fell on Monday to six-month lows of $130/tonne as Chinese steelmakers demand cargo deferrals or simply default on shipments.
China’s rare earth quotas are a joke. 74% of oxides never left port this year
Chinese authorities added 10,680 tonnes to the country's export allowance this week but it is something of a meaningless exercise because during the first quarter China only exported 26.3% of the initial quota.
Graff Diamonds IPO should catapult the diamond king up the billionaires list
Laurence Graff, the undisputed king of uber-expensive diamonds, will earn a tidy $290 million windfall when he restructures his Mayfair-based company and will vastly boost his paper wealth when Graff Diamonds lists in Hong Kong for as much as $4 billion.
MEGAMINES: Top 10 most capital intensive bulk mining projects
When these stomach-churning capital outlays start to produce returns, they do so in spades and over generations.
