| 23.12.2008 - Analyst predicts mixed fortunes for Australian mining industry |
| From Abc.net.au: A leading resource analyst at ANZ Bank says almost half of all mining companies in Australia are currently operating at a loss. ANZ's head of commodities research Mark Pervan says contract prices for coal have dropped significantly since last year and further drops are forecast when contracts are renegotiated in early 2009. Pervan says smaller miners will be hardest hit and coal is the most vulnerable resource...... Full Article: Source |