Frik Els, Author at MINING.COM

Barrick Gold could lose top gold miner rank this year

Newmont could overtake Barrick as top gold miner this year

Barrick's shrinking production profile could see output fall by 1.5m ounces within two years. World no 2 Newmont Mining forecasts 14% growth next year.

Frik Els | February 17, 2016 | 3:57 pm

Barrick throws off cash first time in four years

Production declines of as much as 1.5m ounces within two years shifts company's focus to costs with target of $700 per ounce all in.

Frik Els | February 17, 2016 | 2:41 pm

Miners’ Losses Mount as Ports Strike Drags On in South Africa

Fitch junks Anglo overhaul on South Africa fears

Ratings agency worries about exposure of much-diminished mining company to Africa; after restructure responsible for 54% of earnings.

Frik Els | February 17, 2016 | 1:41 pm

Lucapa finds 404 carat diamond in Angola

Australian company says extremely rare Type 2a D-colour stone is the biggest diamond ever found in Angola.

Frik Els | February 15, 2016 | 4:40 pm

Iron ore price surges

Strong Chinese iron ore imports spark 5.6% jump in the price and puts iron ore firmly back in a bull market.

Frik Els | February 15, 2016 | 2:59 pm

Anglo credit down to junk, outlook negative

Anglo American debt down to junk, outlook negative

Moody's worried about company's bulk portfolio, especially iron ore, while its radical restructuring "faces high execution risk".

Frik Els | February 15, 2016 | 12:22 pm

Gold price rebounds – biggest rally since June 2016

Well, that was quick. Gold price getting slammed

Forget last week's rally. Hedge funds are taking profits and world's most accurate gold price forecaster still sees triple digits this year.

Frik Els | February 15, 2016 | 11:36 am

World’s largest mining project takes $1 billion hit

Rio Tinto swung into a huge loss after writing down the value of its gigantic West Africa iron ore project, but that doesn't mean it's being abandoned.

Frik Els | February 12, 2016 | 4:36 pm