| Stumbling commodity prices have forced mining companies to take a hard look at their operational efficiencies and to re-evaluate the margins of certain projects. In Australia, the falling gold price has resulted in massive impairments, with gold miners Newcrest and Evolution Mining reporting impairment charges of A$5.56-billion and A$384.3-million respectively during the year ended June.
The declining commodity prices have also prompted a rash of mine closures and deferrals in Australia, as low-grade operations struggle to make ends meet in the current economic climate...............................................Full Article: Source
|