20
October
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Dear members,
At long last the mining industry is back on track!
Gold prices are up. Many mining companies have repaired their balance sheets. The industry is cautiously gearing itself for growth after 4 years of pain. Investors are coming back to commodities. Greed is back.
However challenges still lie ahead.
Many sectors of the mining industry still haven’t resolved their problems of over-supply. In some base and bulk commodities the immediate future looks bleak. And geopolitical factors – Brexit, Putin & Trump – make for a highly volatile world.
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