| 02.03.2009 - US$50bln less cash will be spent in mining in 2009 - and perhaps in 2010 too |
| From Mineweb.com: The VM Group says $50bn less cash will be injected in the mining industry in 2009 than expected before the recession and the same amount could be cut from planned budgets in 2010. It said in its recent Fortis Metals Monthly that this would impact future production efficiencies, reduce metal supply, lead to the neglect of "vital" maintenance work, delay late-stage development projects and push future metal supply out..... Full Article: Source |