12.11.2012 - Global copper production under stress
Capital inputs account for about half the total costs in mining production the average for the economy as a whole is 21%. Obviously many of the costs, once incurred, cannot be recovered by sale or transfer of the fixed assets. Mining is an extremely capital intensive business for two reasons. Firstly mining has a large, up front layout of construction capital called capex the costs associated with the development and construction of open-pit and underground mines...............................................Full Article: Source
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