Frik Els , Editor

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

Goldman Sachs says buy gold. Right now!

The investment bank argues that gold is not a good long-term investment, but offers a compelling medium term trade.

Frik Els | March 28, 2012 | 8:00 pm

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

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