Losing sparkle: Report says Ekati buyer drops bid
It raises questions about demand for such assets, just as peer Rio Tinto starts work on a potential sale of its diamond division.
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:
Big miners playing game of chicken as marginal producers sink below break-even
Smaller miners are waiting for production cutbacks by the market leaders to prop up prices the way Saudi-Arabia comes to the rescue of oil producing nations whenever the crude price begins to flag.
Glenstrata takes shape this week
The prospectus giving details of the creation of a $90 billion mining and commodities trading behemoth will find its way to the inboxes of shareholders this week.
Return to the Rio Tinto
If there is one mining project anywhere in the world that could warrant the old Hollywood blockbuster title of Back to the Future it must be EMED Mining’s Rio Tinto copper venture in Andalucía, Spain.
Freaky Friday looms for gold
Gold faces a crucial test in the coming holiday-shortened week with crucial US jobs numbers out on Friday and the ongoing Eurozone crisis making or breaking the yellow metal's assault on $1,600 and higher.
Granted first ever right to hire foreign workers Friday. Saturday shuns 14,000 locals queuing at jobs expo
Gina Rinehart's Hancock Prospecting which is hiring 1,700 foreign workers for the Roy Hill iron mine were absent from the Australian mining association job fair in Perth and so were the $9.8 billion project's main contractors.
Beijing iron exchange handled only 8 transactions in its first 3 weeks
It has been a slow start for China’s first physical iron ore trading platform which was launched with the idea that it would give China greater influence on the price of the commodity.
Amazon fertilizer plays come up smelling like roses
Despite a lacklustre day for the sector – North America's big three Potashcorp, Agrium and Mosaic all suffered losses – two Brazil focused potash mine developers attracted strong investor interest on Friday.
It was only a matter of time. Creditors’ lawyers descend on Baja Mining
Friday's complication is just the latest setback for Vancouver-based Baja which has now lost almost 70% of its value this year.
Chinese consumption surprise sees copper price come roaring back
Goldman Sachs came out with a report showing Chinese copper usage in April came in at the second highest run rate on record.
GRAPH: Cobalt price plunge and the EV market
Cobalt prices have plummeted to their lowest level since 2016, as a deluge of supply overwhelms stagnating demand from the electric vehicle […]
