Frik Els , Editor

Gold up $32 as QE3 drumbeat grows louder

Gold scaled the $1,600 an ounce level for the first time in three weeks on Wednesday as investors, worried about cheap money flooding markets and debasing the US dollar, turn to gold as an inflation hedge.

Frik Els | July 25, 2012 | 6:25 pm

Teck Resources down 5% after profits more than halve

The diversified miner suffered lower realized prices across the board with copper down 14% to $3.57 a pound, its realized coal price was 26% below Q2 2011 at $202 a tonne. Zinc (-15%), silver (-24%), lead (-22%) and molybdenum (-18%) prices all declined.

Frik Els | July 25, 2012 | 4:59 pm

The new 49ers and California’s second gold rush

Scores of hard-core prospectors work the San Gabriel, and perhaps 50,000 people throughout the state prowl a few weekends a year with pans and metal detectors and dowsing rods.

Frik Els | July 24, 2012 | 10:54 pm

Southern Hemisphere puts itself on the investor map with Chile copper intersects

“We may well look back on this as the moment the Llahuin Project gained critical mass, all without the need to do a deal with a third party.”

Frik Els | July 24, 2012 | 8:44 pm

Eldorado jumps after work resumes at Greek project

Eldorado Gold added more than 3% on Tuesday after announcing Greece's top administrative court had revoked a provisional order issued on June 29 which suspended the surface clearing activities of Hellas Gold, a 95%-owned subsidiary of Eldorado, in Halkidiki, Greece.

Frik Els | July 24, 2012 | 7:14 pm

Intrepid Mines sold off again after failing to find raiders of its Indonesia project

Intrepid Mining has now lost 59% of its market value after news broke that a local business groups orchestrated the ouster of ASX and TSX-listed company from an Indonesian copper and gold project.

Frik Els | July 24, 2012 | 6:28 pm

Indonesia ‘requests’ 51% of Grasberg, Freeport agrees to 9.3% ‘at the moment’. What happens next?

The tide of resource nationalism sweeping the developing world may be catching up with Grasberg and Freeport Indonesia.

Frik Els | July 24, 2012 | 5:55 pm

Spanish uranium mining revived

Stock in London-listed Berkeley Resources added 9% after announcing a deal with Enusa – Spain's state-owned nuclear enterprise.

Frik Els | July 24, 2012 | 4:41 pm

Pebble mine: ‘If God were testing us, he couldn’t have found a more challenging place’

Arguably the richest prize in mining, the Pebble project pits a watershed where up to 40 million salmon spawn each year against copper and gold reserves worth as much as $500 billion according to a new documentary.

Frik Els | July 23, 2012 | 11:32 pm

CNOOC-Nexen: China’s swoop shows sweet timing as Canadian crude discount halves

Despite a steep drop in the price of crude on Monday with US benchmark West Texas Intermediate down almost 4% in afternoon trade at $88.55, the price oil sands producers receive has improved dramatically since the start of July.

Frik Els | July 23, 2012 | 7:50 pm

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