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Half of Canada’s mining companies could go bankrupt after dismal year

Posted on 22 December 2008

From Canadianpress: Few Canadian resource industries fared well in what turned out to be a dismal year for commodities, but base metal miners were hit particularly hard as credit markets tightened, global demand slumped and prices for everything from zinc and copper to iron ore and aluminum plummeted.

And one analyst predicted some of Canada’s big mining companies will go bankrupt before conditions start to improve….. Full Article: Source


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VRS - who has written 47850 posts on Opalesque Commodities Briefing.


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