Frik Els , Editor

Thermal is wrecked: Chinese inventories climb to 2008 financial crisis levels

In China’s Qinhuangdao, the world’s largest coal port by capacity, inventories have exceeded levels last seen in late 2008 during the height of the financial crisis.

Frik Els | June 14, 2012 | 9:20 pm

Scathing report calls India’s 2,600 mines ‘out of control’

Illegality in the mining sector has deprived state governments of badly needed revenues, threatened the industry with costly and unpredictable shutdowns, and generated political chaos that helped bring down two state governments in 2011 and 2012.

Frik Els | June 14, 2012 | 6:11 pm

Bloodletting at Gabriel Resources over latest Romania setback

Shares in Gabriel Resources were hammered again over the latest Rosia Montana shambles, dropping 6.9% on Thursday. Its losses for the week now top 15% and it also received the dubious honour of being included in the S&P TSX grouping of most volatile stocks.

Frik Els | June 14, 2012 | 3:39 pm

Small and medium-sized miners: It’s time to dust off your hedge book

A hedging u-turn is in the making.

Frik Els | June 13, 2012 | 9:15 pm

BHP’s already eye-watering Olympic Dam expansion bulked up again

World number one miner BHP Billiton on Wednesday bought additional exploration plots near its Olympic Dam mine and $30 billion expansion project.

Frik Els | June 13, 2012 | 2:01 pm

Rising chorus for stimulus takes gold to 5-week high

The Fed's new near-zero interest rate policy and purchases under QE1 kicked off on 16 December 2008. On 15 December 2008 an ounce of gold cost $837.50.

Frik Els | June 12, 2012 | 6:50 pm

Great Barrier Reef coal mine turning into Australia’s Keystone XL

Greenpeace takes out ads saying investing in the mega-mine is "risky business" and calls into question the ability of India's GVK to pull off the project as the group "has never built a mine in Australia." State and federals officials call the campaign "deplorable and obnoxious." And that's just this week.

Frik Els | June 12, 2012 | 5:41 pm

Dr Kloppers took home $15 million last year. How is the sypercycle turning out for you?

The 49-year-old boss of the world's largest mining company took home £9.8 million ($15.2 million) last year including bonuses, pension contributions and stock options.

Frik Els | June 12, 2012 | 2:30 pm

Spanic and Grexit put copper back on defensive

The Spanish bailout is now being called 'voodoo economics' while EU finance officials are at the point of discussing limiting ATM withdrawals and doing border checks if and when Athens drops the euro.

Frik Els | June 12, 2012 | 1:46 pm

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

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