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Mining boom teeters in 2012

Posted on 13 December 2012

Did the mining boom end in 2012, or didn’t it? Either way, the record prices are gone and the industry’s billionaire moguls stumbled. BHP Billiton and its chief executive Marius Kloppers also had a few hiccups during the year, but both retained number-one status at the end of 2012.
The year was tough for Australia’s resources companies - and anyone relying on them for income. The boom was declared over by federal Resources Minister Martin Ferguson and iron ore and coal prices crashed, hitting the major miners’ and the national bottom line………………………………………..Full Article: Source


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VRS - who has written 34604 posts on Opalesque Commodities Briefing.


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