Copper is having a terrible 48 hours
Due to its widespread use in construction, communication and transport copper is a bellwether for the global metals industry. The red metal […]
Frik Els , Editor
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
Report: Mongolia going the way of Zimbabwe with mandatory state control of foreign miners
Draft legislation, a copy of which was seen by the Financial Times on Wednesday, gave "the clearest sign yet that Mongolia is uncomfortable with the large foreign investments that have so far been a mainstay of economic growth."
Brazilian Gold gives long-suffering investors something to smile about
Brazilian Gold Corporation jumped 13.5% on Wednesday on three times usual trading volumes, after announcing positive metallurgical test work at its São Jorge deposit in northern Brazil.
Sienna’s winning streak halted by new Peru drill results
Even after today's heavy losses it is still showing gains for the year of 86%.
Bean counters taking over at Ivanhoe
Following the resignation of inveterate dealmaker and founder Robert Friedland a fortnight ago, Rio Tinto insiders and Arthur Andersen alumni have been appointed to lead Ivanhoe.
Red mettle: Has China cornered the copper market?
58% of the world’s refined copper is now stockpiled in China, an increase of 40% in just six months. Traders say the country may hold as much as three quarters of the “spare” stock that is actually available to the market.
Allana’s optimistic Danakil Depression resource estimate lifts stock 9.8%
Allana Potash (TSX:AAA) surged 9.8% on Tuesday on higher than usual trading volumes, after upping the resource at its Danakhil project by 90%.
Canadian Oil Sands divvies up 17% more as $23 syncrude discount evaporates
From a 7-year low against US benchmark crude only six weeks ago, syncrude on Monday moved into premium territory.
Dundee Precious Metals stock in mini meltdown after told to cut smelter feed
"We have spent over $40 million on the smelter in the two years we have owned it and are aware of the challenges that continue to exist there," Chief Executive Jonathan Goodman said in a statement.
Imports likely down 30% as gold hits all-time rupee high
Indian gold imports are likely to plummet this year as a crashing currency and new taxes send domestic gold prices soaring.
CHART: Friday massacre for mining stocks but copper price pulls out of nosedive
Historic down day for gold and silver prices caused double digit losses for precious metals stocks but copper miners came off relatively lightly.
