| Australia’s mining boom is faltering, with market watchers forecasting a continuing slowdown in response to weaker Chinese demand, soaring plant costs, questionable decision making, stumbling Europe and overseas competition.
Mark Lennox, of Halifax Investment Services, is particularly bearish, forecasting the mining boom is drawing to a close on the back of thinner export margins. In response, Lennox expects share prices of the big miners to continue tumbling, while explorers and debt-laden companies will struggle to survive. He says investors have voted with their feet and headed for the exit...............................................Full Article: Source
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