| 17.10.2008 - Miners may be forced into writedowns |
| From Times Online: Fears of a global recession have caused a slump in metal prices that could trigger a series of multibillion-dollar writedowns in the mining sector. The price of copper fell nearly 8 per cent yesterday to $4,545 a tonne, its lowest since January 2006 and almost 50 per cent below its record of $8,940 in July. Aluminium was $2,178 a tonne on the London Metals Exchange yesterday, down a third from its peak of $3,380 a tonne, also in July..... Full Article: Source |