Frik Els , Editor

Anglogold warns of closures as strike losses top $55 million a week

South Africa accounts for roughly a third of Anglogold's annual output and the company is losing 32,000 ounces – worth more than $55 million at today's prices – of production a week.

Frik Els | October 1, 2012 | 6:46 pm

Newcrest rejects claims over $3.3 billion project

Australia's largest gold miner Newcrest will pour a total of $3.3 billion into its East Cadia copper-gold project, the subject of a lawsuit from a well-connected privately owned explorer.

Frik Els | October 1, 2012 | 5:50 pm

Chinese backing in Labrador Trough softens impact of iron ore plunge

"They all say that the Chinese firms believe the market volatility is temporary, and that pricing should return to $120 or $130 in the coming months."

Frik Els | October 1, 2012 | 4:31 pm

QE3 Infinity beginning to work its magic for gold as Bernanke defends policy

Gold is now up 16% since hitting 2012 lows and on Monday made a break for $1,800.

Frik Els | October 1, 2012 | 1:50 pm

Harmony says Wafi-Golpu could support $9.8 billion mine

Harmony Gold says the Wafi-Golpu deposit in PNG could support a $9.8 billion mine with peak annual production of 560,000 gold ounces and 335,000 tonnes of copper.

Frik Els | September 28, 2012 | 8:54 pm

Grasberg ethics slap, royalty hike, state control tussle can’t stop Freeport’s upward march

The counter is up 25% since July 25 when news first emerged that Indonesia has "requested" 51% of Grasberg, the world's largest gold and number three copper mine.

Frik Els | September 28, 2012 | 7:22 pm

Friedland’s Ivanplats IPO: ‘It’s a gun to the head’

If Ivanplats's $165 million worth of bonds are not redeemed for stock, rates on the debt soars to credit card-like repayments of just under 19% on November 10 and to an eye-watering 26% in November next year.

Frik Els | September 27, 2012 | 11:59 pm

Vale says iron ore won’t go below $100 – 40% of Chinese output is already off the market

With iron content in domestic Chinese ore at only 20%, the country simply cannot compete on price with the top exporting countries.

Frik Els | September 27, 2012 | 10:04 pm

Report: North Korea secretly selling citizens’ gold to pay for missiles, birthday bash

Kim Jong-un and co has sold some two tonnes of the precious metal to China.

Frik Els | September 27, 2012 | 7:39 pm

Golden Predator up 21% after downing Brewery Creek

Golden Predators secures $35 million to buy and develop the past producing heap leach gold mining operation in the Yukon.

Frik Els | September 27, 2012 | 5:33 pm

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