Going Home; #Chinese #Mining Companies Losing #Billions Of #Dollars As They Retreat
Expansion has flipped to contraction for #Chinese #Miners as the global #Commodities glut overwhelms demand and the ability of the mainly state-owned companies to pay.
From #Africa to #Australia there is evidence of retreat as #Mining projects are abandoned in a rush to go home which is almost as hectic as the rush to expand during the commodities boom.
A Blog for Browsing Mining, Mineral Processing, and Metals Info 