Frik Els, Author at MINING.COM

A new kind of hyperinflation: Zimbabwe hikes mining fees by as much as 8,000%

The Zimbabwe Chamber of Mines says the government's hike of pre-exploration fees for the majority of minerals – by as much as 8,000% – together with increased royalty rates will cripple the industry.

Frik Els | February 20, 2012 | 9:04 pm

Who’re you calling dirty? Canada says would take Europe to WTO over oil sands

Canada is upset about an EU energy panel's plans for a green ranking of fuels that would rank Alberta's heavy oil as the globe's most polluting and effectively ban the import of oil sands crude into the bloc.

Frik Els | February 20, 2012 | 7:07 pm

Not a pipe dream: Cenovus ships first crude to China, happy to get $40 a barrel more

Cenovus last week shipped 250,000 barrels to China, locking in relationships with refiners there, as the Northern Gateway pipeline project in Northern BC languishes in regulatory review.

Frik Els | February 16, 2012 | 12:38 am

First Uranium needs to offload 150,000+ oz yearly gold production by June to stay afloat

Rising costs could make any interested buyer baulk at the idea though. Cash costs in South Africa at its Ezulweni mine has rocketed to $2,143/oz and were up 20% at Mine Waste Solutions although at $613/oz there you could still turn a profit .

Frik Els | February 15, 2012 | 10:00 pm

Everyone wants a piece of Northland

The company, advancing iron ore projects in Sweden and Finland, decided to increase the size of the equity offering announced earlier in February due to "high demand" . Together with a fully subscribed bond offering the company is now raising close to $700 million.

Frik Els | February 15, 2012 | 9:16 pm

Canadian crude falls to $50 below global price

Keystone XL is the comeback kid

Republicans in the US Congress are once again attempting to force through the approval of the Keystone XL project, while the pipeline's backers TransCanada says it could receive approval early in 2013.

Frik Els | February 15, 2012 | 12:43 am

Vale resuming Sudbury operations, says no 2012 production impact

Brazillian miner Vale SA said Tuesday it is gradually resuming mining at its underground nickel operations in Sudbury, Canada.

Frik Els | February 14, 2012 | 11:17 pm

Centerra Gold punished as Kumtor strike enters second week

Centerra Gold announced on Tuesday that employees at its massive Kumtor operation in the Kyrgyzstan remain on strike, sending its shares down as much as 3.5%.

Frik Els | February 14, 2012 | 10:10 pm

Death of DRC mining go-to guy will reshape country’s resource sector

Augustin Katumba Mwanke, the former governor of copper-rich Katanga province and go-to guy for resource deals, was seen by many as the power behind the throne.

Frik Els | February 14, 2012 | 12:42 am

Iran sanctions: Trade with number 6 iron ore exporter heading to zero

Although some Asian firms have found creative ways of doing business with Iran, European iron ore traders and shipping companies are shying away completely from transacting with the country as US-led sanctions start to have an impact.

Frik Els | February 13, 2012 | 11:00 pm

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