Iron ore: Who let the bears out?
It's worth remembering that the price of 62% iron ore never strayed from $10 – 14 a tonne for more than 20 years.
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:
South African strikes spread to iron ore
75,000 miners, or 15% of the sector's workers in South Africa, are now on wildcat strikes.
Frontier Rare Earths jumps 10% on Korea talks
Frontier is advancing the Zandkopsdrift rare earth project in South Africa and in December sold 10% of the venture to Kores for $23.8 million. The South Korean state-owned company now wants to ink a more comprehensive deal.
McEwen puts Vantex Resources on the map, stock up 20%
Mining veteran and Goldcorp founder, Rob McEwen, bought 500,000 shares in the Toronto-based explorer on the open market to bring his stake to 7.8 million shares or 12.4% of the company.
BHP mega-projects: Jansen potash now ‘leading one horse race’
It would also be sweet revenge for the Anglo-Australian miner to put up shop in Potash Corp's backyard after being so summarily dismissed two years ago.
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.
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.
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."
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.
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.
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.