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 , 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:
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.
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.
Copper price: There’s something happening here. What it is ain’t exactly clear
A takeover of the 134-year old LME – responsible for 80% of the global metals futures trade – is expected to become official this week amid talk of manipulation and distorted pricing in the copper market. Some traders are fingering Swiss giant Glencore while others believe China has managed to corner the market.
Goliath vs David and Goliath battle brewing over world-first ‘stainless steel’ deposit
Vancouver's First Point Minerals served notice of arbitration on Cliffs on Saturday because the iron and coal giant refuses to hand over crucial information about the tiny explorer's Decar project, set to become the world's first commercial nickel-iron alloy mine, effectively naturally-occurring 'stainless steel'. BlackRock, an asset manager with more than $3 trillion in assets picked up a stake in First Point two months ago.
Hey! Esperanza Resources. Friends don’t let friends dilute their stock 50%
Number of shares in issue will double and a sword will hang over retail investors' heads for the next five years.
Gabriel Resources’ losses in 2012 now top $1.7 billion as new Romanian PM orders umpteenth review
Just as it looked as if Europe's biggest mining project may be approaching the finish line after a dozen years of opposition and delays Romania's prime minister designate pulls the rug from under its promoter Gabriel Resources.
First oil sands project in the US takes a step closer
US Oil Sands Inc's Utah project is on-target for completion and start-up in the final quarter of next year after the company raised $9 million on Thursday.
Copper is having a terrible 48 hours
Due to its widespread use in construction, communication and transport copper is a bellwether for the global metals industry. The red metal […]
Report: Mongolia going the way of Zimbabwe with mandatory state control of foreign miners
Draft legislation, a copy of which was seen by the Financial Times on Wednesday, gave "the clearest sign yet that Mongolia is uncomfortable with the large foreign investments that have so far been a mainstay of economic growth."
Top 50 mining companies power through Iran war – up $250 billion in 2026
The world’s 50 biggest mining stocks shrug off global turmoil hitting a combined $2.4 trillion value in Q1, but the tide did not lift all boats.