Frik Els , Editor

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."

Frik Els | May 10, 2012 | 10:43 pm

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.

Frik Els | May 10, 2012 | 7:28 pm

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.

Frik Els | May 10, 2012 | 6:34 pm

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.

Frik Els | May 10, 2012 | 5:44 pm

Avion Gold languishing near 52-week low despite almost doubling resources in Mali

Shares of Avion Gold failed to recover on Thursday after taking a 28% pummeling the day before, despite announcing vastly improved mineral resources at its Tabakoto Project in Mali, West Africa.

Frik Els | May 10, 2012 | 4:53 pm

Rinehart’s latest legal move means her kids probably won’t see a dime of her $18 billion fortune

Except for Ginia of course, the only child who is not suing Gina for control of the family trust.

Frik Els | May 9, 2012 | 11:55 pm

Denison Mines net loss widens to $52 million on sale of US assets

Denison Mines Corp shed 1.2% on Wednesday bringing its losses over the last week to 19% ahead of quarterly results that showed the company widened losses to $51.9 million.

Frik Els | May 9, 2012 | 10:30 pm

Greece no good for gold on its way to 2012 low

Gold is now down almost 17% from its all-time record high of $1,911.60 an ounce set on September 6 last year.

Frik Els | May 9, 2012 | 6:57 pm

Mongolia backtracks on state ownership of mining companies

Fearing a backlash by foreign investors in the mining sector – the foundation of the country's economy – Mongolian legislators on Tuesday watered down many of the provisions of draft legislation that gives the state greater control and ownership of mining projects.

Frik Els | May 9, 2012 | 4:52 pm

Chinalco Mining seeks $1 billion IPO for massive Peru copper mine

With huge investments in Peruvian copper, Chinalco Mining, a division of the giant Aluminum Corp of China, follows another Chinese state-owned miner to the Hong Kong market to raise money.

Frik Els | May 9, 2012 | 4:25 pm

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