Frik Els , Editor

Vietnam wants decree to “mobilize” citizens’ gold, could sell 500 tonnes. And you were worried about IMF and Paulson dumping bullion

Vietnam's central bank wants to "mobilize" gold from citizens which it says are hoarding 300 – 500 tonnes to free up funds for socio-economic development in the communist country.

Frik Els | February 1, 2012 | 7:40 pm

I shoulda, coulda, woulda bought Molycorp. Rare earth miner now up 30% in 2012 after $390 million cash injection

Molycorp on Wednesday built on its strong gains since the start of the year after announcing a $390 million cash injection from Chile's Molymet.

Frik Els | February 1, 2012 | 3:50 pm

Black day for Verde as investors see red over Brazil potash project preliminary economic assessment

Verde Potash shares fell $1.66 or 19.4% to $6.90 on Tuesday, recovering from even steeper losses earlier in the day, after the company released a preliminary economic assessment report for its Brazil project that disappointed investors.

Frik Els | January 31, 2012 | 10:15 pm

Scotgold expects licence for Loch Lomond gold-silver mine in May

Scotgold Resources announced Tuesday it expects to receive a mining lease from the Crown for the Cononish gold and silver project, the only one of its kind in the UK,  in May this year. Production could start early in 2013.

Frik Els | January 31, 2012 | 9:10 pm

Potential PR poison: Centerra’s Kyrgyzs mine encroaching on snow leopard park, polluting water supply says govt commission

Eurasianet reports two new studies say the massive Kumtor gold mine, controlled by Canada's Centerra's and the Kyrgyzs government, as a matter of routine ignores environmental legislation endangering species such as the snow leopard and is damaging Central Asia’s water supply.

Frik Els | January 31, 2012 | 8:11 pm

Iron ore hits a wall

After staging an impressive comeback from October's lows, the rally in iron ore prices seems to have run out of steam.

Frik Els | January 31, 2012 | 4:02 pm

Osisko bogged down at same Argentina project where Barrick came unstuck

Osisko Mining on Monday said the company's Famatina project in La Rioja, Argentina, remains stalled almost a month after protesters began blockading the site and marched on the governor's office and in the capital Buenos Aires, sending its stock down 3%

Frik Els | January 30, 2012 | 8:10 pm

Australia dumps trucks: Nov-Dec mining machinery imports dropped 62%, suggesting no-one’s immune

Australia's mining machinery imports fell 62% in November and December, the biggest fall since the global financial crisis, according to one of the country's largest freight forwarders of heavy equipment.

Frik Els | January 30, 2012 | 8:04 pm

Forget gold, IRON ORE is the story of the decade

On the last day of Roundup, Vancouver's mining showcase, Sandy Chim CEO of Canada's Century Iron Mines, flashed a few slides about China, India and the iron ore market that would make gold bugs green with envy.

Frik Els | January 27, 2012 | 9:25 pm

Anglo defends itself against ‘criminal accusation’ as mud flies in fight with Codelco

Anglo-American in its increasingly acrimonious fight with Codelco on Thursday had to defend itself against what it termed "the criminal accusation" made by the president of the Federation of Copper Workers in Chile who sits on the Chile’s state-owned copper giant board.

Frik Els | January 26, 2012 | 9:51 pm

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