SUBJECT: The impact of collapsing base metal prices on the mining sector in Central and Southern Africa. SIGNIFICANCE: Initial hopes that the global economic downturn would be shallow and short-lived are being replaced by a realization that it is likely to be deep and protracted. When an upturn does come, miners now expect an extended period of far more modest growth. ANALYSIS: The five year across-the-board rally in commodities, which drove up prices to historic peaks in mid-2008, collapsed in...
Full Story: Globe and Mail
