Frik Els , Editor

Rinehart’s latest legal move means her kids probably won’t see a dime of her $18 billion fortune

Except for Ginia of course, the only child who is not suing Gina for control of the family trust.

Frik Els | May 9, 2012 | 11:55 pm

Denison Mines net loss widens to $52 million on sale of US assets

Denison Mines Corp shed 1.2% on Wednesday bringing its losses over the last week to 19% ahead of quarterly results that showed the company widened losses to $51.9 million.

Frik Els | May 9, 2012 | 10:30 pm

Greece no good for gold on its way to 2012 low

Gold is now down almost 17% from its all-time record high of $1,911.60 an ounce set on September 6 last year.

Frik Els | May 9, 2012 | 6:57 pm

Mongolia backtracks on state ownership of mining companies

Fearing a backlash by foreign investors in the mining sector – the foundation of the country's economy – Mongolian legislators on Tuesday watered down many of the provisions of draft legislation that gives the state greater control and ownership of mining projects.

Frik Els | May 9, 2012 | 4:52 pm

Chinalco Mining seeks $1 billion IPO for massive Peru copper mine

With huge investments in Peruvian copper, Chinalco Mining, a division of the giant Aluminum Corp of China, follows another Chinese state-owned miner to the Hong Kong market to raise money.

Frik Els | May 9, 2012 | 4:25 pm

Copper price: There’s something happening here. What it is ain’t exactly clear

A takeover of the 134-year old LME – responsible for 80% of the global metals futures trade – is expected to become official this week amid talk of manipulation and distorted pricing in the copper market. Some traders are fingering Swiss giant Glencore while others believe China has managed to corner the market.

Frik Els | May 6, 2012 | 10:14 pm

Goliath vs David and Goliath battle brewing over world-first ‘stainless steel’ deposit

Vancouver's First Point Minerals served notice of arbitration on Cliffs on Saturday because the iron and coal giant refuses to hand over crucial information about the tiny explorer's Decar project, set to become the world's first commercial nickel-iron alloy mine, effectively naturally-occurring 'stainless steel'. BlackRock, an asset manager with more than $3 trillion in assets picked up a stake in First Point two months ago.

Frik Els | May 5, 2012 | 11:52 pm

Hey! Esperanza Resources. Friends don’t let friends dilute their stock 50%

Number of shares in issue will double and a sword will hang over retail investors' heads for the next five years.

Frik Els | May 4, 2012 | 11:15 pm

Gabriel Resources’ losses in 2012 now top $1.7 billion as new Romanian PM orders umpteenth review

Just as it looked as if Europe's biggest mining project may be approaching the finish line after a dozen years of opposition and delays Romania's prime minister designate pulls the rug from under its promoter Gabriel Resources.

Frik Els | May 4, 2012 | 12:20 am

First oil sands project in the US takes a step closer

US Oil Sands Inc's Utah project is on-target for completion and start-up in the final quarter of next year after the company raised $9 million on Thursday.

Frik Els | May 3, 2012 | 10:07 pm

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