Frik Els, Author at MINING.COM

Gold boosted by global stimulus talk and Iranian sabre-rattling

Gold for August delivery settled up $24.10, or 1.5%, at $1,621.80 an ounce on the Comex division of the New York Mercantile Exchange on Tuesday, before turning slightly lower in after hours dealings.

Frik Els | July 3, 2012 | 11:29 pm

Glencore could be looking at First Quantum takeover

Copper market squeeze: It’s back!

On top of increased demand from China, the re-emergence of a trader controlling more than half of London Metal Exchange copper stocks and cash contracts could squeeze the market just as it did in April.

Frik Els | July 3, 2012 | 10:46 pm

The incredible shrinking merger: Glenstrata already worth $35 billion less

Knight Vinke is looking for a ratio of 3.25:1 similar to the demands of Qatar which last week pushed the $60 billion deal to the verge of collapse.

Frik Els | July 3, 2012 | 7:37 pm

'Having the balls' to grab Oyu Tolgoi said to be Albanese's greatest achievement

Investors stock up on Ivanhoe Mines before IVN disappears from the boards for good

Ivanhoe Mines was up 7.6% in afternoon trade on Friday after the company provided an update on its Oyu Tolgoi project in Mongolia and announced shareholders had approved a name change.

Frik Els | June 29, 2012 | 8:20 pm

Euroland bailout program spurs metals rally. Gold bumps up against $1,600

Base and precious metals continued to rally in New York trade after the EU moved "to break the vicious circle between banks and sovereigns" early on Friday.

Frik Els | June 29, 2012 | 5:20 pm

Without safe haven support, gold charts point to $1,320 an ounce

There’s "no semblance of a safe-haven" at the moment and "the technical profile of bullion is also weak."

Frik Els | June 28, 2012 | 9:43 pm

Nautilus sinks to fresh lows as PNG elections descend into shambles

Nautilus Minerals, locked in a dispute with Papua New Guinea over ownership of the world's first sea-floor mine, dropped 9.7% on Thursday, hurt by news of violence, kidnapping, vote rigging and delays after the first week of general elections in the country.

Frik Els | June 28, 2012 | 8:17 pm