| 03.12.2008 - Global miners’ profits may tumble 60% next year |
| From Bloomberg: Global mining companies’ profits may plunge 60 percent next year because raw-materials prices will be under pressure for at least six more months, according to UBS AG. Prices for bulk materials such as coal and iron ore may drop 40 percent compared with this year, while most commodities may fall from current spot prices, London-based UBS analysts Daniel Brebner and James Luke said today in a note to clients..... Full Article: Source |