2016 metals, mining outlook darkens
World Bank revises down growth rate for commodity exporting countries to just 0.4%, predicts 15% decline in metal prices this 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:
Top miners squandered $200 billion during boom
Capital spending by the world's largest miners since 2010 amounted to $632 billion – 32% of which has now been written off says new report.
Kyrgyz Rep. ratchets up dispute against Canadian gold miner
Toronto-based Centerra says new criminal probe of managers at its giant gold mine bars expats from leaving the Central Asian country.
Gold price tops $1,250 as hedge funds caught short
“There’s massive speculative position starting to roll..."
Copper price rebounds
Copper up 3% to three-week high and back in positive territory for the year as weaker dollar should boost Chinese demand.
Gold price surges on worst US jobs number in six years
Reverses much of recent declines after shocking payroll figures kills early interest rate hike and dollar rally.
Nevsun shares jump on Eritrean drilling results
$11 million regional drilling program defining Bisha camp in east Africa as a world-class multi-deposit volcanogenic massive sulphide district.
Iron ore price rout accelerates
CHARTS: Down 26% in a month the forward curve now points to the low $30s.
Iran says in talks with Rio, Glencore about copper projects
Iran's national development plan targets production of 2 million tonnes of copper per year by 2025.
GRAPHIC: Uranium juniors defy bear market pricing
Uranium's down more than 20% in 2016, dragging down producers. Uranium exploration stocks have moved in the opposite direction – something's gotta give.
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.
