Going Home; #Chinese #Mining Companies Losing #Billions Of #Dollars As They Retreat

Panda Ella

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.

Read more at: http://www.forbes.com/sites/timtreadgold/2016/01/14/going-home-chinese-mining-companies-losing-billions-of-dollars-as-they-retreat/#2715e4857a0b7b9a066570dd

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