Fitch junks Anglo overhaul on South Africa fears
Ratings agency worries about exposure of much-diminished mining company to Africa; after restructure responsible for 54% of earnings.
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:
Lucapa finds 404 carat diamond in Angola
Australian company says extremely rare Type 2a D-colour stone is the biggest diamond ever found in Angola.
Iron ore price surges
Strong Chinese iron ore imports spark 5.6% jump in the price and puts iron ore firmly back in a bull market.
Anglo American debt down to junk, outlook negative
Moody's worried about company's bulk portfolio, especially iron ore, while its radical restructuring "faces high execution risk".
Well, that was quick. Gold price getting slammed
Forget last week's rally. Hedge funds are taking profits and world's most accurate gold price forecaster still sees triple digits this year.
World’s largest mining project takes $1 billion hit
Rio Tinto swung into a huge loss after writing down the value of its gigantic West Africa iron ore project, but that doesn't mean it's being abandoned.
X2 in the running for Brazilian niobium – report
Anglo hopes to get $1 billion bids for its niobium and phosphate assets next week
Gold stocks rocket as investors seek safe haven
Investors running for cover from tanking stocks and faltering global economy pile into gold mining sector after gold price spikes $70 an ounce.
Gold investment market is getting physical
Physical ETF outflows persist, but strong market for coins and bars see overall investment demand jump in 2015 according to World Gold Council.
Here comes another Venezuela gold fire sale
Crisis-hit Venezuela has $9.5 billion in debt payments due and really only its gold reserves to pay for it. But these bullion deals come at a steep discount.
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.
