Frik Els , Editor

Black hole: US coal stocks now down over 60% in 2012 as thermal price hits 2-year low

Coal executives believe that as much as 10% of the production serving the seaborne market could be losing money at current prices.

Frik Els | June 11, 2012 | 6:38 pm

Singapore state fund builds up stake in Ivanhoe, does nothing for share price

Singapore's sovereign wealth fund Temasek Holdings has taken up a 5.5% stake in Canada's Ivanhoe Mines valued at roughly $420 million ahead of a $1.8 billion rights offer at the miner. Early Monday Ivanhoe, already down 43% this year shed another 3.8% in value.

Frik Els | June 11, 2012 | 2:33 pm

Kinross says Tasiast producing again

Canada’s number 3 gold miner by output said about 600 workers had returned after the four-day strike at its Tasiast mine in Mauritania.

Frik Els | June 11, 2012 | 1:42 pm

You too can help build Oyu Tolgoi: Rio Tinto offers Ivanhoe rights at 32% discount

Rio could end up with a much bigger chunk of Ivanhoe come July 19 – 260 million new shares are expected to be issued representing some 35% of Ivanhoe's current outstanding shares.

Frik Els | June 8, 2012 | 9:47 pm

The shareholders are revolting! Alberta Oilsands jumps after proxy battle is triggered

Alberta Oilsands  (TSX-V:AOS) added 9% on Wednesday, after a group  of  "concerned shareholders" said they are filing a dissident circular and are in the process of mailing to shareholders of the tiny bitumen explorer a letter demanding the resignation of the board.

Frik Els | June 8, 2012 | 6:36 pm

Kloppers clobbers capex: Forget Olympic Dam and Jansen, BHP is now even cutting back iron ore

“The economics of some of these projects has changed,” he said. “I think for the next two years, 18 months perhaps, we will just wait and see how things develop.”

Frik Els | June 7, 2012 | 10:12 pm

China’s rate surprise digs copper out of 2012 hole. If only you could trust those GDP numbers

Copper has managed small gains every day of this week helped by the first Chinese stimulus since the great recession and a halt in exports by its number one producer. Don't get too happy though...

Frik Els | June 7, 2012 | 7:57 pm

Bernanke, bullion, bathos and Bill Gross

"Boy, that was anti-climactic. There was absolutely nothing in terms of a policy signal...no different than what he might have said at any point over the last few years."

Frik Els | June 7, 2012 | 4:58 pm

Round two: Queensland coal mine vs Great Barrier Reef

A delegation from the Australian state of Queensland will meet federal environment minister Tony Burke on Thursday to hammer out a deal on a massive coal project led by India's GVK and Hancock Prospecting after Burke halted the approval process.

Frik Els | June 6, 2012 | 11:59 pm

Peru bringing charges of sedition against anti-Conga protest leader

Peru's Congress in a terse statement last night announced charges of “an incitement to the crime of rebellion” against Gregorio Santos, the province of Cajamarca’s Maoist governor who has lead violent protests against Newmont Mining's stalled Conga project.

Frik Els | June 6, 2012 | 5:12 pm

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