Frik Els , Editor

Bashed billionaires: Lakshmi Mittal is mining’s biggest loser

Firstpost reports after a 5% salary increase Lakshmi Mittal took home $1.74 million last year working as the CEO of ArcelorMittal. The […]

Frik Els | June 26, 2012 | 10:24 pm

Glencore-Xstrata deal ‘on the verge of collapse’ after Qatar withdraws support

Qatar's about-turn means that more than 25% of shareholders eligible to vote at the 12 July meeting are now against the deal’s current terms.

Frik Els | June 26, 2012 | 8:22 pm

Global glut pushes Canadian crude down to $52 a barrel, pricing oil sands out of the market

At $52 a barrel how can high-cost bitumen producers compete against Saudi-Arabia pumping oil at the fastest rate in 30 years, the ramp-up in the Bakken and vast new gas supplies all around the world? They can't.

Frik Els | June 26, 2012 | 8:20 pm

Chile on Chinese copper demand: Slowdown? What slowdown?

“Signs of demand, shipments and inventories, continue to be solid.”

Frik Els | June 26, 2012 | 12:02 am

Dr Caterpillar’s chart says the global economy is going to get much sicker. And soon

But management of the equipment behemoth has stuck to their forecasts for a record-breaking year.

Frik Els | June 25, 2012 | 11:22 pm

Chinese burn fingers in the Pilbara

“This is no longer about commercial goals. It is about Chinese machismo. They have plonked down too much money to pull out now.”

Frik Els | June 25, 2012 | 10:03 pm

Billions wiped off metal stocks after China, EU and US deliver economic shocks

The mining sector's bellwether companies were all beaten down on Thursday as the price of metals and minerals continued to slide and economic indicators from across the globe painted a bleak picture for the mining industry.

Frik Els | June 21, 2012 | 9:20 pm

Traders with Bernanke blues sell off metals, gold drops $50

The slide in the spot price of gold triggered by disappointment over the Fed's actions – or lack thereof – yesterday accelerated in Thursday trade with the precious metal giving up $50 or just over 3%.

Frik Els | June 21, 2012 | 8:06 pm

Iron ore hits 5-week high as China continues to forge steel near record pace

The performance of iron ore is in stark contrast to other commodities including copper which has shed 4% over the last two days and crude oil which touched a 52-week low of under $78 a barrel today.

Frik Els | June 21, 2012 | 7:05 pm

Papua New Guinea won’t budge over Nautilus seabed mine. Shareholders abandon ship

Canada's embattled Nautilus Minerals dropped 11.5% on Wednesday after Papua New Guinea said it is within its rights to terminate a deal made last year for the development of the world's first commercial seabed mine.

Frik Els | June 20, 2012 | 8:36 pm

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