Nevsun shares tank after Reservoir accepts takeover
Vancouver-based Nevsun sweetened the deal for Reservoir shareholders with a $75 million cash payment just before the vote.
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:
Samarco iron ore won’t restart this year
Vale-BHP joint venture was shut after deadly dam spill in November – Samarco produced a fifth of global seaborne iron ore pellets supply before the disaster.
CHART: Gold price bulls kept faith as hedge funds wavered
Investors in physically-backed gold ETFs who kept buying all through May as futures speculators dumped positions were vindicated on Thursday.
Gold price touches 2-year high
Gold vaults $1,300 an ounce as inflation, dollar, stock market and geopolitical fears mount and interest rate around the world move into negative territory.
China’s exhausting its gold reserves at 5 times the global rate
New report shows China extracted nearly one fifth of its gold reserves last year – the global gold production to reserve ratio is only 3.8%.
Gold, copper price jumps spark major mining stocks rally
Broad-based advance for mining majors as gold price touches $1,300, iron ore holds $50 and copper price surges 4%
$5.8 billion lawsuit over BHP-Vale disaster dismissed
Companies still face another much bigger civil action over November's deadly tailings dam burst at its Samarco iron ore mine in Brazil.
Kinross Tasiast strike ends – no production hit
No impact on output guidance or expansion plans at West African mine as Toronto-based miner gears up for record annual production in 2016.
Glencore: Massive investment in coal mines needed
Up to 1 billion tonne annual supply gap in seaborne coal by 2030 if no new mines are built according to climate change report by Swiss mining, trading giant.
CHART: Metals, mining stocks outperforming all others
Gold is up more than 20% in 2016 but gold mining equities have doubled and the sector as a whole has returned 53%.
CHART: Friday massacre for mining stocks but copper price pulls out of nosedive
Historic down day for gold and silver prices caused double digit losses for precious metals stocks but copper miners came off relatively lightly.
