Frik Els, Author at MINING.COM

Nobel laureate to Africa’s new resource rich: You’ll probably end up poor

Joseph E. Stiglitz, Nobel laureate in economics and professor at Columbia University, has some sobering thoughts for Ghana, Uganda, Tanzania, and Mozambique.

Frik Els | August 14, 2012 | 10:09 pm

Vancouver gold junior surges 49% after Colombia find

Waymar Resources (TSX-V: WYM) rocketed on Monday on 24 times higher than usual trading volumes, after announcing the best drill results yet from its Anza project in Colombia.

Frik Els | August 13, 2012 | 11:00 pm

Gold down on better-than-expected U.S. jobs report

Morgan Stanley cuts gold price forecast 13%

"We remain cautious toward metals until we see solid evidence of a pick-up in demand.”

Frik Els | August 13, 2012 | 9:54 pm

'Stronger for longer': Iron ore price hits 3-week high as Chinese imports jump 22%

First signs of coking coal, iron ore rebound emerge

“We expect August to mark a low point in the current steel output cycle.”

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

Bottom falls out of jade market

While the jade market in China is a fraction of its overall jewellery trade, the collapse in the value of the stone could indicate tough times for other markets like diamonds and precious metals.

Frik Els | August 13, 2012 | 5:08 pm

South Africa platinum mine death toll reach nine as rival unions clash

A nightshift policeman hacked to death during clashes between rival unions brings to nine the number of fatalities at Lonmin's platinum mine in the North West province of South Africa.

Frik Els | August 13, 2012 | 3:59 pm

Strong quarter leaves Silver Wheaton with plenty cash to continue shopping spree

Record cash flows in Q2 boosted the company's cash pile to $1.1 billion before it doled out $500 million to Hudbay this week. It also has an untapped $400 million credit facility.

Frik Els | August 9, 2012 | 11:19 pm

Obama airs ad attacking Romney for saying coal kills

The ad start by touting Obama support for the clean coal industry specifically in Ohio where coal production has increased 7% since Obama took office and then quotes from a 2003 speech Mitt Romney made at the Salem Massachusetts coal plant.

Frik Els | August 9, 2012 | 10:05 pm

Integra Gold jumps after expanding high grade Quebec resource

Gabriel Resources up 17% as big bets placed Rosia Montana is happening

Shares of Gabriel Resources climbed 17.7% in heavy volumes on Thursday, bringing its gains since last Friday to 32% as ongoing turmoil in Romanian politics are being interpreted as positive for the Canadian company's plans to build a massive gold mine in Transylvania.

Frik Els | August 9, 2012 | 7:23 pm

Long-suffering Kinross investors welcome cost-cutting chief

"This promotion is consistent with a renewed focus on operational fundamentals, delivering on key metrics at our sites, and reducing costs across our operations and projects."

Frik Els | August 9, 2012 | 5:59 pm

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