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Miners cheer fall in commodity currencies

Posted on 06 February 2014

Mining companies are set to receive a boost when they report figures this month thanks to a fall in “commodity currencies” against the US dollar.
Many of the world’s largest miners have adopted austerity measures as they seek to reduce debts and atone for years of overspending. These efforts have coincided with the depreciation in local currencies, which is helping to lower production costs and boost margins………………………………………..Full Article: Source


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