11.12.2008 - Rio's cuts indicative of trend which must lead to major commodities price boom
From Mineweb.com: With major miners cutting back capex commitments sharply and others unable to proceed with current projects in the pipeline, logic suggests we may be in for another commodities boom sooner rather than later. The latest cuts announced today by major mining company, Rio Tinto follow on announcements of huge cutbacks in capital spending by all the other major mining companies amounting to tens of billions of dollars in total. .... Full Article: Source
Print