Global Mining Finance: China’s mining inexperience “contributed to supercycle”

By James Sean Dickson
Published: Tuesday, 22 September 2015

Chinese mining firms that raised their output substantially having never seen a downturn in their industry are one of the reasons this current “supercycle” is so bad, delegates at the Global Mining Finance 2015 autumn conference, were told this week.

The mining "supercycle" was exacerbated by Chinese miners not having experienced a previous mining downturn, delegates at the Global Mining Finance 2015 autumn conference in London, UK, were told today.

Geoffrey Cowley, the CEO of Seychelles-registered, Beijing, China-headquartered CIC Gold Group Ltd, said that this was a similar picture painted by inexperienced...

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