Bernanke: Damp squib
What gold bulls were waiting for did not materialize, but it could have been worse. Much worse.
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:
Infographic: Warren Buffet, aliens on Mars and gold
The sage of Omaha's investment strategies have been well documented but he's no fan of gold...
Vast new copper supplies depressing prices? Don’t worry, it’s never going to happen
A senior trader in the red metal says “the miners are all lying” about the chances of their projects actually coming on stream.
Vote of no confidence: Rio pulls out of $9 billion coal port expansion
"Global economic markets have shifted to a period of significant uncertainty and we continue to see both a sustained upward pressure on costs and long timeframes for regulatory approvals."
Quebec’s booming iron mines
When planning an expansion at the largest open pit mine in Quebec, thinking big is important.
New IMF figures show at current rate central banks will buy almost 700 tonnes of gold this year
11 countries bought just under 58 tonnes of gold in March. That compares to combined purchases of 439.7 tonnes by the world's central banks last year. That already was an almost fifty year high.
Investors, directors flee Baja after Boleo costs rocket. Stock tanks 37%
Baja Mining dropped 37% on Monday on more than 15 times usual trading volumes, after announcing its Boleo copper-cobalt-zinc project in Mexico will now cost 21.5% more and that half its board has resigned.
Hiring heavy hitter, takeover speculation fail to boost Guyana Goldfields
Nothing the company has done so far to assuage investors about its Aurora gold project has been successful and after dropping 5.5% on Monday it is now down over 60% since the start of the year.
$30 billion Olympic Dam now even bigger
World number one miner BHP Billiton on Monday bought five additional exploration plots near its giant Olympic Dam mine and expansion project, destined to become the world's largest open pit.
Human Rights Watch: Think twice about investing in Zambia copper mine IPO
China's state-owned CNMC's Hong Kong IPO could raise as much as $500 million.
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 […]
