| A few years after the global economy emerged from the economic crisis of 2008, commodity prices began to surge, thanks to ongoing robust demand from China. Chief financial officers at mining firms quickly realized that firm commodity prices implied robust future profit streams, and a broad range of new mining projects were put into motion.
To pay for those projects, billions of dollars were borrowed, and investors began to anticipate impressive cash flow returns from all of that borrowing. Just a few years later, that optimism has evaporated...............................................Full Article: Source
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