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Australia: Forecast of mining investment slump

Posted on 06 November 2008

From ABC: Economic consultant Access Economics is predicting a sharp reduction in mining investment by late next year.Director David Rumbens says investment should stay high until the end of this financial year.

But beyond that, he says, prepare for a fall. Mr Rumbens says the slump in commodity prices is to blame, and mining companies are already starting to review their investment….. Full Article: Source


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