Frik Els , Editor

In the hole for $18 billion, Rio Tinto finds buyer for Europe alumina business

The world's number three miner bought Alcan's business on the continent in 2007 for $38 billion. So far the $100 billion Anglo-Australian company has been forced to write off $18.2 billion of the purchase price.

Frik Els | March 28, 2012 | 7:05 pm

Baja slides 5% after Boleo update tells of escalating fuel, material and labour costs

Baja Mining (TSX:BAJ) shed 5% on Wednesday on higher than usual trading volumes, after releasing an update on its Boleo copper-cobalt-zinc project in Mexico.

Frik Els | March 28, 2012 | 6:19 pm

US coal-fired power: What the gas boom started, Obama has just finished off

The closures and the dearth of new builds are as much a function of new environmental impact laws as it is of the US gas boom, which has sent natural gas prices to decade lows.

Frik Els | March 27, 2012 | 11:45 pm

BHP’s Marius Kloppers makes 30 best CEOs in the world list (again)

Why? For mining the stuff for making China.

Frik Els | March 27, 2012 | 10:44 pm

Credit Suisse “skeptical” about potash price

A Credit Suisse research note recommends Agrium, Mosaic and Potash Corp, but is "growing skeptical over whether potash prices can regain the momentum seen last year."

Frik Els | March 27, 2012 | 8:00 pm

You want ice with that? Centerra dives 18% after saying waste and ice will cut Kumtor production by 200,000 oz

Centerra Gold said labour strikes last month worsened the extent of the ice and waste flows and that it now can't access the high grade zone at its massive mine in Kyrgyzstan.

Frik Els | March 27, 2012 | 6:18 pm

There is an upside to the $340+ billion hole in China’s local government debt

Faster privatization might be the ultimate measure that helps the country finally get away from a vicious lending and spending cycle.

Frik Els | March 27, 2012 | 12:01 am

World’s largest coal company muscling in on world’s largest metallurgical deposit

"Shenhua is the most competitive bidder for the project given its technology, transport infrastructure, access to the Chinese market and the backing of the Chinese government," Shenhua CEO Ling Wen told reporters.

Frik Els | March 26, 2012 | 10:58 pm

Nickel mining in Philippines: provincial governor to be charged with murder of anti-mining activist

In January last year local radio broadcaster Gerry Ortega, who fought hard for a ban on mining on Palawan was slain and now the Philippines' Department of Justice asked for murder charges to be filed against former Palawan Governor Joel Reyes and four others in connection with his death.

Frik Els | March 26, 2012 | 8:59 pm

Win some lose some: Gold Fields delving deeper into Philippines, suspends drilling in Mali

Nick Holland of CEO Gold Fields said on Monday the company has plonked $63 million on a second gold-copper project in the Philippines. The globe's fourth-largest gold miner also announced it is suspending drilling in Mali, Africa's third largest gold producer following a military coup.

Frik Els | March 26, 2012 | 5:31 pm

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