Mining Geology or geography?

Jun 28th, 2015
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THE past half-dozen years have been kind to miners. China is gobbling up minerals as fast as they can dig them up. Commodity prices have surged, dipping only temporarily after the financial crisis of 2008. The doldrums of the 1990s are a distant memory.

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MiningGeology or geography?Miners should spread their risks across countries as well as mineralsAug 27th 2011 | from the print edition Juicy profits tempt hungry governments THE past half-dozen years have been kind to miners. China is gobbling up minerals as fast as they can dig them up. Commodity prices have surged, dipping only temporarily after the financial crisis of 2008. The doldrums of the 1990s are a distant memory.Well, almost. The share prices of big mining firms have wobbled in recent weeks, as jitters about the global economy have intensified. But profits are ballooning. On August 24th BHP Billiton, the worlds largest miner, unveiled record annual profits of $23.6 billion. Not long ago Rio Tinto, another Anglo-Australian giant, reported record profits for the first half of the year. The other big global minersVale, Xstrata and Anglo Americanare raking in ma

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