Frik Els , Editor

Hard coal landing: Australia scraps $9 billion port expansion

The state government has scrapped plans for a $8.8 billion coal terminal expansion project at Queensland's Abbot Point, Australia citing funding issues and environmental regulations, but China's slowing economy probably had more than a little to do with it.

Frik Els | May 21, 2012 | 9:18 pm

Gold rally runs out of steam before $1,600 mark

Traders said support given to Greece to stay in the Eurozone at the weekend's G8 meeting and a stronger dollar hurt the yellow metal.

Frik Els | May 21, 2012 | 9:16 pm

Billionaire battle: Property tycoon says Rinehart is bilking him out of iron royalties

Gina Rinehart, the world of mining's 4th richest person, is meeting a fellow billionaire Stan Perron in the Australian supreme court this week in a fight over – no surprises here – iron ore royalties.

Frik Els | May 21, 2012 | 8:38 pm

Iron ore hits six-month low as China just says no

Iron ore prices fell on Monday to six-month lows of $130/tonne as Chinese steelmakers demand cargo deferrals or simply default on shipments.

Frik Els | May 21, 2012 | 8:00 pm

China’s rare earth quotas are a joke. 74% of oxides never left port this year

Chinese authorities added 10,680 tonnes to the country's export allowance this week but it is something of a meaningless exercise because during the first quarter China only exported 26.3% of the initial quota.

Frik Els | May 18, 2012 | 9:00 pm

Graff Diamonds IPO should catapult the diamond king up the billionaires list

Laurence Graff, the undisputed king of uber-expensive diamonds, will earn a tidy $290 million windfall when he restructures his Mayfair-based company and will vastly boost his paper wealth when Graff Diamonds lists in Hong Kong for as much as $4 billion.

Frik Els | May 18, 2012 | 8:58 pm

Rare earthquake: May last year Molycorp investors were $5.5 billion richer

The Colorado company is destined to become the number one producer outside China, but the rapidly changing economics of the industry has seen its stock decline 20% this week and 74% since May last year.

Frik Els | May 18, 2012 | 6:05 pm

Silvercorp sets records in China as it emerges from short and distort saga

Silvercorp Metals along with the rest of the silver sector jumped on Thursday as the price of the precious metal recovered from […]

Frik Els | May 18, 2012 | 12:27 am

Mining said to need ‘image makeover’ to attract workers. Paying average $40 an hour not enough

Despite paying the highest wages – average $40.42/hour vs a $25/hour across sectors – the mining industry faces an uphill struggle filling more than 100,000 new positions by 2021.

Frik Els | May 17, 2012 | 10:10 pm

Gold: A dead cat bouncing or last chance to buy before Grexit and QE in the EU send prices rocketing?

If the EU joins the US in flooding the market with cheap money it will be a massive boon for gold. It is worth remembering that before the Fed kicked off QE1 on 16 December 2008 an ounce of gold was changing hands for $837.

Frik Els | May 17, 2012 | 8:16 pm

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