Barrick shares crater as Tanzania troubles grow
Disappointed shareholders sink Barrick Gold shares 7.6% after $300m settlement with east African country over export ban is labelled a "downpayment".
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:
Vale is stockpiling iron ore to make the most of higher prices
Third quarter results for the Brazilian miner, the world's top iron ore producer, show a 19 million tonne gap between sales and output.
Canadian project lifts Goldcorp reserves 26%
Goldcorp mineral reserves jump to 53.5m ounces thanks to maiden reserve at the Century project at its Porcupine mine in Timmins Ontario.
Barrick cuts 2017 production guidance again
World's number one gold producer swings to loss during third quarter.
Freeport says Grasberg stake to fall to 29% – shares dumped
Investors ignore positive third quarter results to focus on lack of meaningful progress in talks with Indonesia over future of giant Grasberg mine.
Rhodium price roars to six-year high
Precious metal is up 114% or $880 an ounce in 2017 as above-ground stocks are "bled dry".
Philippines open pit mining ban could be lifted before year end
Mines minister says will follow new recommendations of environment regulator reviving projects like giant Tampakan, Silangan copper-gold mines.
Chinese coal imports from North Korea plummet
Dictatorship was number two supplier of metallurgical coal to China after Australia before latest UN sanctions.
Sandvik results reflect mining rebound
Orders jump 10% at Swedish mining equipment maker during third quarter.
Xi’s China a boon for mining
President Xi's enormous power means his pet projects like One Belt–One Road and Xiongan New Area will receive the full backing of the state.
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 […]
