Frik Els , Editor

Glencore perplexed by Zambia copper plant closure, to testify before UK parliament’s tax avoidance inquiry

Glencore on Monday expressed surprise over health and environment officials in Zambia's decision to immediately close a Mopani copper operation over complaints from residents of a nearby town. The London-listed commodities giant is also set to appear before a British inquiry over tax avoidance in the developing world.

Frik Els | March 5, 2012 | 5:31 pm

Green Monday: Glencore dividend payout gives Glasenberg a $110 million pay day

Ivan Glasenberg, CEO of  Glencore International stands to receive dividends worth roughly $110 million on Monday when the commodities giant announces its maiden full-year payment to shareholders.

Frik Els | March 4, 2012 | 10:50 pm

India’s central bank looking forward to drop in gold price after decade of ‘panic’ buying. Huh?

A new study by India's central bank asks whether gold bullion as a safe haven investment has turned into an asset bubble and crucially, if that bubble should burst, would the subcontinent's financial system experience systemic damage.

Frik Els | March 4, 2012 | 8:40 pm

Old king coal has a new crown jewel

Illinois' Prairie State power station is on the brink of production and the $5 billion coal-fired plant will supply electricity to 2.5 million households for at least the next 30 years.

Frik Els | March 4, 2012 | 1:50 am

Indians’ love affair with platinum was brief

The Business Standard reports now that platinum trades more in line with the gold price, Indian jewellery buyers are moving back into gold.

Frik Els | March 3, 2012 | 11:55 pm

New study says 66% of institutional investors choose Africa as number one destination. No wonder. Have you seen the size of that place?

A new survey by The Economist Intelligence Unit finds when institutional investors interested in frontier markets were asked to choose two regions out of five, two-thirds see Africa – projected to be the fastest growing region on the planet this year – as holding the greatest opportunity.

Frik Els | March 2, 2012 | 7:59 pm

Oyu Tolgoi sucks up cash and Ivanhoe must sell off assets. Investors chase stock up 5% betting on rich buyers

After steady gains throughout the day Ivanhoe Mines – building one of the richest copper and gold mines in the world – ended Thursday up 5.47% after CEO and founder Robert Friedland said he's found buyers for the company's other assets.

Frik Els | March 1, 2012 | 10:57 pm

Potashcorp says 2012 should see record potash demand. India slashes subsidies 20%

Potashcorp, the world's number one producer of the soil nutrient, also expects balanced or tight supply for the next four years.

Frik Els | March 1, 2012 | 8:30 pm

Verde Potash’s $25 million deal provides no succour to investors still nursing 27% knock after poor economic study

Verde Potash shares fell 2.8% to $6.51 by lunchtime on Thursday after the company announced bought deal financing of $25 million. In the run up to the release of a preliminary economic assessment report for its Amazon project a month ago, Verde Potash's shares were driven all the way up to $8.95, only to come crashing down after the study disappointed investors all round.

Frik Els | March 1, 2012 | 7:20 pm

Gold drops $75 in one hour, crashes through $1,700 after a 1 million oz trade

The dramatic fall came after comments from the US Federal Reserve that seemed to preclude any chance of another round of monetary easing or so-called QE3 and that its policy of zero interest rates may be coming to a end sooner than previously thought.

Frik Els | February 29, 2012 | 10:55 pm

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