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