FIRE SALE: Oil sands players now get $45 a barrel vs global price of $109
Not too many Alberta producers make money as Canadian crude falls to 5-year low of $64 below global price.
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:
A ‘very different’ platinum market swings into 600,000oz deficit
South African output falls to 11-year low after labour unrest.
Centamin stock collapses after operations, gold exports halted by Cairo
Stock down 65% as 97 million shares are dumped.
Gold slips under $1,700 after Bernanke bathos
Not acting like a safe haven at all.
Proof Bernanke can no longer move the gold price
Gold stuck in lower $1,700s despite Fed's momentous announcement.
$27 billion injected into Amazonia mining by 2016
Vale's Carajas iron ore mine is the biggest but some 60 gold explorers are also active in the Brazilian region.
Iron ore price highest since July as China cranks out 16% more steel and stockpiles hit 2-year low
Port ore stockpiles are down 25% since February peak and imports are up 17%.
Fresh crisis at Lynas
Won't be allowed to treat waste in Malaysia. Shares suspended.
Nautilus rockets 27% as investors speculate on what’s next for seabed mining
Work off PNG has stopped, but international waters beckon.
At least one technical trader is calling a ‘rip-your-face-off’ rally in gold stocks
Volatile but profitable.
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.
