Molycorp explodes as insiders go on buying spree
Traders follow company execs and pile into the rare earth miner sending the stock up 19%
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:
Central bank: 95% of mined Philippines gold is smuggled out
After the government started enforcing a 7% tax on precious metals, most small-scale producers started selling to smugglers.
Did rivals try to scupper BHP’s uranium sale to Cameco?
Unconfirmed reports have Rio and Paladin make separate submissions to the federal government to block the sale of Western Australia's largest uranium deposit.
Gold price on a Black Friday tear
Weak dollar, no EU deal and fresh violence at South Africa's mines help gold price through $1,750.
Thousands march on Chinese gold mine in Mexico
32 communities in Puebla, Mexico have given Chinese company JDC Minerals an ultimatum of 24 hours to abandon its La Lupe mine.
Manufacturing recovery? Aluminum tells different story as Chinese bauxite imports fall 30%
The drop comes amid a serious overcapacity problem in the electrolytic aluminum industry.
China to start subsidizing rare earth miners as exports fall 18% in just one month
Nothing, not even a month-long halt in production, has stopped REE prices from falling.
Robert Friedland joins Rothschild-Bakrie fight over Indonesia coal mines
Nat Rothschild is roping in mining legend Robert Friedland to wrest control of London-listed Bumi from Indonesia's Bakrie dynasty.
Rio’s rocky relationship with China and the 4-foot jade horse that’s helping to fix it
Call in the feng shui masters.
New report: DRC’s Kabila could be toppled within weeks
DRC president Kabila will likely be violently removed from office should protests in major cities escalate and last longer than one week, according to a report from Exclusive Analysis, a UK-based political risk consultancy.
US rare earth stock cracks top 50 mining companies for the first time
Non-Chinese rare earth producers have been conspicuously absent from mining’s top tier, now worth a collective $1.5 trillion, up $200 billion year to date.