Frik Els , Editor

Investors salivating over Aurico payout after it offloads Mexico properties for $750 million

AuRico Gold shot up 21% on Wednesday on massive volumes, after announcing it has offloaded a mine and two exploration projects and sold half of a development in Mexico to a local company.

Frik Els | October 10, 2012 | 8:01 pm

Up to 2,000 Chinese miners on their way to British Columbia to fill jobs Canadians can’t do safely

The full time workers follow $1.4 billion in Chinese funding for two coal projects in the northeast of the province because Canadians "just don't have the experience" to operate underground equipment safely.

Frik Els | October 10, 2012 | 7:13 pm

Gold’s losing streak post US jobs surprise continues

The better-than-expected non-farm payrolls numbers may mean that the Federal Reserve will end QE3 sooner rather than later.

Frik Els | October 9, 2012 | 9:06 pm

Osisko coy about 1 million hectares staked in ’emerging gold belt’ in Mexico

Montreal's Osisko says it has staked out some one million hectares of ground in an – as yet unnamed – "emerging gold rich mineral belt in Mexico".

Frik Els | October 9, 2012 | 6:17 pm

Oyu Tolgoi: All that’s left is for China to flip the switch

First ore from the massive copper-gold-silver mine is expected to be processed within six weeks of China and Mongolia signing the final power agreement.

Frik Els | October 9, 2012 | 5:23 pm

Making up for lost time, Chinese traders send iron ore soaring 6%

On Monday upbeat Chinese traders came back from a week-long break and chased the price of the commodity to $110.40.

Frik Els | October 8, 2012 | 11:10 pm

Indonesia threatens ‘harsh measures’ against miners who dismiss workers

Hong Kong-listed G-Resources, said it would dismiss 300 workers from its gold mine in Indonesia where work has stopped over an environmental dispute.

Frik Els | October 8, 2012 | 10:22 pm

Kumba Iron declares force majeure in South Africa

The 40 million tonnes a year Sishen mine only has enough stockpiles for a week.

Frik Els | October 8, 2012 | 10:18 pm

Ruling party aligned union losing grip on South Africa mining

NUM's diminishing influence – blamed in part on its political affiliations and its perceived closeness to big business – is most striking at Impala Platinum's Rustenberg mine where its enrollment has dropped to 13% from 70% before.

Frik Els | October 8, 2012 | 8:18 pm

Want cheap oil? Look no further than Canada

The price oil sands producers receive fell to $38 a barrel below the international benchmark oil price on Monday, leaving more than one fifth of all Alberta projects unviable.

Frik Els | October 8, 2012 | 6:25 pm

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