Renewed Molycorp sell-off
In lunchtime trade Molycorp was changing hands for $24.37, down $1.06 or 4%, in reaction to a downgrade and as investors continue […]
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:
Benign neglect: Black Ops II, Obama and Molycorp
Even by the not very high standards of current US political discourse, the polemic is a little thin on logic.
Monday metal meltdown: Gold drops to 10-month low
"What is more disconcerting is that while investors have over the past few weeks appeared cautious of running too short on gold, this fear looks to have evaporated."
You’re diluted! White Tiger plans massive new share issue without seeking shareholder approval
White Tiger is applying to the Toronto Stock Exchange for exemption under the exchange's "financial hardship" provisions.
Molycorp stock is following rare earth prices over a cliff
Molycorp was forced to sell rare-earth oxides from Mountain Pass for 20% cheaper than during the December quarter last year. The company's stock is now worth 60% less than this time last year and all the gains from the Neo Material takeover have evaporated.
End of the Kim era at Kazakhmys
When Kim got involved with Kazakhmys (then called ZhezkazganTsvetMet) during the 1990s the Soviet era the state company was in complete disarray and debt laden. He turned Kazakhmys into a $6 billion company and amassed a personal fortune of $3.5 billion along the way.
Rio says iron ore to stay strong even as other mining segments ‘come off the boil’
"It's not just resources versus the rest of the economy, it's iron ore versus the rest of resources versus the rest of the economy."
Qatar plonks $4 billion on Xstrata and hands Glasenberg another victory
The oil and natural gas rich nation's stake in the coal giant is now 8% with a target of over 10%, providing crucial back for Glencore CEO Ivan Glasenberg to push through the $90 billion merger with Xstrata.
Good news from West Timmins gives Lake Shore Gold 8% bump
Lake Shore Gold added 8.2% on Thursday after announcing positive financial and operating results for the first quarter as it accelerates a $160 million capex programme for the year.
Colt Resources on a roll in Portugal
Colt Resources (TSX-V:GTP) added 5.9% on Thursday on higher than usual trading volumes, after announcing positive drill results from its Boa Fé gold project in southern Portugal.
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.
