Frik Els , Editor

Prophecy up 4.8% after Southgobi deal puts Mongolian coal back in focus

Prophecy has more than 1.4 billion tonnes of surface minable coal resources at its flagship Chandgana project and is already producing at Ulaan Ovoo in Mongolia.

Frik Els | April 2, 2012 | 7:15 pm

Ecometals gives Condor Gold buyers more time to come up with money. And not for the first time

Ecometals Limited announced after the market close on Friday that is has been forced to give Ecuador Capital Corporation more time to come up with a final payment of $1,750,000 for its Condor Gold Project in Ecuador.

Frik Els | March 31, 2012 | 12:10 am

On White Tiger misses deadline to submit financials, says struggling to account for Century buy

White Tiger Gold (TSX:WTG) is worth only one-tenth of what it was last year and news out late on Friday will do little to restore investor confidence in the Canada-Russia gold miner.

Frik Els | March 30, 2012 | 11:35 pm

Zimbabwe going swimmingly for Caledonia, but platinum rights in South Africa go missing

Production at Blanket in Zimbabwe doubled and the Toronto-based company said it paid direct and indirect taxes, royalties, licence fees, levies and other monies to the Government of Zimbabwe totalling $13,6 million.

Frik Els | March 30, 2012 | 10:40 pm

Sources say Polyus Gold’s $1 billion London sale will happen in April. They may want to check with Vlad Putin

Prime minister and president-elect Vladimir Putin heads a government commission that has sweeping authority over foreign investment in companies like Polyus Gold, whose gold reserves are considered strategic by the state.

Frik Els | March 30, 2012 | 8:02 pm

Harmony Gold digs out of 52-week deep hole as it awaits ‘game-changing’ Wafi-Golpu pre-feasibility

Harmony Gold Mining (NYSE:HMY) traded today at a new 52-week low of $10.58. So far today approximately 1 million shares have been exchanged, as compared to an average 30-day volume of 2.1 million shares.

Frik Els | March 30, 2012 | 1:05 am

The Oppenheimers and De Beers are no more. Here’s a 30-year old article that predicted the cartel’s undoing

"An unruly market may undo the work of a giant cartel and of an inspired, decades-long ad campaign."

Frik Els | March 29, 2012 | 7:08 pm

China’s ‘Coal Miner’s Daughter’ $11 million wedding reception: How the father got the cash to flash

The wedding reception is said to have included live performances by pop stars for the enjoyment of the more than 1,000 guests who stayed at the Ritz Carlton, Marriott, and Hilton 5-star hotels and were flown in on three chartered jets. The bride’s dowry was 6 Ferrari sports cars.

Frik Els | March 29, 2012 | 5:27 pm

World’s largest money manager losing confidence in BHP Billiton

"They need to clearly indicate to the market what their strategy around Olympic Dam is, around shale gas, all of these things, to return confidence that they're not spending huge amounts of capex for very low returns."

Frik Els | March 29, 2012 | 1:00 pm

Canadian crude falls to $47.50 below world price after dropping 14% in one day

Bitumen is expensive to extract, upgrade and refine and cannot compete with the many new shale oil plays, which have pushed US production to its highest level in a decade.

Frik Els | March 28, 2012 | 11:29 pm

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