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Mining cutbacks to pave the way

Posted on 19 December 2008

From Mineweb: Belt-tightening by miners as metals prices tumble could mean some projects never see the light of day, leaving supply lagging once demand picks up and paving the way for the next metals rally in two to three years.

The list of companies slashing capital expenditure and delaying projects grows daily. On Wednesday, Anglo American said it would halve its capital spending next year….. Full Article: Source


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VRS - who has written 38561 posts on Opalesque Commodities Briefing.


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