India monetizes 14 ounces of gold
Indian households sit on 20,000 tonnes and the Modi government's two-week old scheme to bring gold into the financial system looks like a spectacular flop.
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:
Chinese commodity trade barometer at record low
The Baltic Dry Index which tracks bulk shipping rates on more than 50 routes around the world drops to lowest since 1985.
Top 15 copper mines worth $103bn less than a week ago
The value of reserves at the world's largest mines drop after copper price takes another hit.
Dollar pushes gold price to February 2010 low
CHART: Strong US dollar turning 2015 into gold's worse run since 1998.
Iron ore price craters
“The floor of this market is in the hands of the top five mining companies."
Soros called the bottom in Barrick Gold’s stock
By selling his $20 million stake before a 20% surge in the value of the world's number one gold mining company.
Vale: ‘Several years’ to recover from Brazil mine disaster
Mine waste has oozed 440 kilometres downstream and now covers two states.
Caterpillar: Supercycle China isn’t coming back
Sales of excavators expected in China for entire 2015 is fewer than the total in March 2011 alone.
Platinum, palladium prices tank as investors flee
CHARTS: South Africans can't liquidate ETF holdings fast enough, sending platinum to fresh 7-year low and palladium down 20% within only two weeks.
Tahoe surges on strong results
Stock in Guatemala focused miner in double digit gain Friday as silver operations throw off cash and newly-acquired gold properties outperform.
