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Mining investment to be slashed as credit dries up

Posted on 13 March 2009

From SMH: Work derived from mining investment will be halved - at least - over the next two years as the next round of projects are “slaughtered” by falling commodity prices and frozen credit flows, an economic forecaster says.

BIS Shrapnel said yesterday a collapse in business investment would drive the second phase of the economic downturn, after the initial period of lower household spending….. Full Article: Source


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