15.12.2014 - Miners lose billions in commodity plunge
Miners have lost hundreds of billions in revenue from the fall in commodity prices this year, according to a new analysis, underlining the pressure facing an industry that has responded to the tougher backdrop by slashing costs. The total market value of the seven raw materials tracked by CRU, a consultancy, has fallen $200bn from last year. The index includes thermal coal, iron ore, metallurgical coal, metallurgical coke, phosphate rock, potash and bauxite...............................................Full Article: Source
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