Frik Els, Author at MINING.COM

Investors dig 16% hole in African Barrick after Tanzania costs jump 43%

The Tanzanian-focused miner blamed the cost of generating its own electricity – which it has to do "more and more" – for the increase in costs.

Frik Els | July 23, 2012 | 5:24 pm

London 2012: And the 92.5% silver gold medal goes to…

Making the 2012 Olympic gold medal from pure gold would amount to $22,000 per medal at Friday's closing price of $1,585 an ounce. Event organizers baulked and opted for a mix of silver, a few grams of gold and copper for winning athletes.

Frik Els | July 21, 2012 | 12:20 am

Something made a hole in Mars

NASA’s Astronomy Picture of the Day this week gave an indication of how much there still is to explore just in our […]

Frik Els | July 20, 2012 | 7:58 pm

Mining M&A: Private equity can't run away fast enough

Copper drops on China construction worries, but producers remain bullish

"Mine disruptions, falling grades at existing mines, delays of constructing new mines are all really supportive."

Frik Els | July 20, 2012 | 7:19 pm

Kennady Diamonds up 7% after kimberlite find

Kennady Diamonds Inc. (TSX-V: KDI) added 7% on Thursday after announcing the first new kimberlite discovery at the its 100%-owned Kennady North diamond project in Canada's Northwest Territories.

Frik Els | July 19, 2012 | 8:26 pm

China set to lift ban on interbank gold trading further boosting demand

China represents about a quarter of global demand for the precious metal and allowing the country's banks to trade gold directly with each other should boost demand further.

Frik Els | July 19, 2012 | 7:35 pm

Iron ore price spirals to 8-month low; traders draw 2008 comparisons

Chinese import prices are now the lowest since November 8 2011, when the steelmaking ingredient was recovering from a crash in October. During that month iron ore shed $60 a tonne from all time highs above $180.

Frik Els | July 19, 2012 | 6:23 pm

Doesn’t get any better than this! New Caribbean assays bring GoldQuest gains to 1,500% in just 8 weeks

The Vancouver-based gold junior's stock was worth a mere 7.5c when the first drill results from its Las Tres Palmas trend in the Dominican Republic was first released. By June 1 it had increased ten-fold. On Wednesday it gained another 22% after new drill results hinted just how rich the Romero discovery may eventually turn out to be.

Frik Els | July 19, 2012 | 12:15 am