Review of global trends in the mining industry
2009 certainly was a year of two halves. It began with commodity prices continuing to fall, tough price negotiations with customers and challenging market conditions. However, companies responded swiftly and decisively; funding was restructured, mines were closed and production cut as margins declined.
However, in contrast, the year ended with the market capitalisation of the Top 40 returning to the heights of 2007 and a cautious optimism returning to market releases. Was it Back to the Boom?