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:

Oil sands glass is half full after Keystone XL southern stretch ok’d

In a move that should go a long away to relieve the oil glut in the US Midwest – the pricing point for US crude – TransCanada said on Monday it is going ahead with construction of the $2.3 billion southern leg of the Keystone XL oil pipeline from Cushing Oklahoma to the US Gulf Coast.

Frik Els | February 27, 2012 | 9:38 pm

Gold, silver take a Friday beating

Latest salvo fired in nasty Baja board battle

Baja Mining, locked in a bitter dispute with Mount Kellett Capital Management over control of its board, on Monday accused the asset manager of being "reckless," having a "hidden agenda" and "misleading" shareholders.

Frik Els | February 27, 2012 | 7:15 pm

Success in the DRC: Investors line up for Banro already up 50% in 2012

Banro's Twangiza oxide mine poured its first gold Q4 2011and it owns four additional licences along the same rich gold belt in the east of the country. After bumping up its debt offering to $175 million on Friday the company says it can now start building a second oxide mine.

Frik Els | February 25, 2012 | 1:00 am

Entree Gold hammered after permit near Oyu Tolgoi cancelled

Thought the fight for control of Baja’s board couldn’t get uglier? Read on

Baja Mining is fighting attempts by Mount Kellett, a $6 billion asset manager, to stack the miner's board with its own nominees. Baja is accusing Mount Kellett of a takeover by stealth while MK says Baja is a web of conflicts.

Frik Els | February 24, 2012 | 11:00 pm

Report: At least one large gold hedge this year

Investors find holes in Guyana Goldfields definitive study, decide the company is worth 20% less

Toronto-based firm's Definitive Feasibility Study for its 100% owned Aurora Gold Project in Guyana, the nation's only large-scale licensed gold mine development project, makes investors see red.

Frik Els | February 24, 2012 | 9:06 pm

Newmont slides after taking $1.6 billion Arctic hit

Shares in Newmont Mining was down 2.7% on Friday after the company announced a $1.6 billion charge after mothballing its Hope Bay project in northern Canada.

Frik Els | February 24, 2012 | 7:15 pm

Oyu Tolgoi: Mongolia tosses ball into Rio's court

Investors asked to wait once again before they can get their hands on world’s largest met coal deposit

The privatization process will see Mongolia's government holding a majority 51% stake after selling 19% to investors and distributing the remainder to its 2.7 million citizens, but the $3 billion IPO faces fresh delays in Hong Kong.

Frik Els | February 24, 2012 | 10:32 am

Phew. Codelco wriggles out of 15-year deal inked at $1.50 a pound

China’s copper usage jumped 38% in October-November

During the first eleven months of 2011, global usage grew by only 2.7% over 2010, but accelerated in October-November to 12% due to an jump of 38% in China.

Frik Els | February 23, 2012 | 8:39 pm

Gold price comes roaring back as Iran sabre-rattling intensifies

Gold's recent move higher to within sight of $1,800 an ounce for the first time since September is tracking that of oil which is trading at a nine-month high on tensions between the West and Iran. Gold futures have gained $185/oz so far this year.

Frik Els | February 23, 2012 | 7:34 pm

Hedge funds raise bearish gold price bets by 44%

European Goldfields and Eldorado tie-up: At last investors can cheer news about Greece

The $2.5 billion deal saw European Goldfields add 6.4% in afternoon trade on Tuesday while Eldorado gained 6% to bring their combined market value to $10 billion.

Frik Els | February 21, 2012 | 9:02 pm

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Mining vs AI: What’s wrong with this picture?

As the saying from mid-19th century California goes, during a gold rush the easiest way to get rich is selling shovels and picks.

Frik Els | July 10, 2024 | 6:15 pm