07.10.2008 - Mining 'just got a whole lot scarier'
From Theglobeandmail.com: The metals sector is bracing for a wave of mine shutdowns and development project cancellations amid a deepening crash in commodity prices. Plunging metals prices are forcing executives to reconsider the economic viability of mines as commodity values fall toward the cost of production at many operations. Copper, considered a gauge of economic activity, fell to its lowest level in 20 months on the London Metal Exchange Monday, closing at $5,560 (U.S.) a tonne or about $2.52 a pound..... Full Article: Source
Print