| There has been much doom and gloom surrounding the mining and resources sector over the last couple of years. Depressed global economic conditions, and in particular concerns over slowing growth in China, have led to widespread falls in commodity prices. To compound matters, mining companies have been their own worst enemy over recent years, misallocating capital to high risk projects.
Costs have spiraled out of control and a number of mining projects have been abandoned leading to multibillion-dollar writedowns. It's no surprise investors are deserting the sector in their droves...............................................Full Article: Source
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