Mining Indaba ’16: We’ve yet to hit rock bottom, says Baker & McKenzie

By IM Staff
Published: Thursday, 11 February 2016

Mining industry observers have been calling a floor in the market for the last three years, but the law firm thinks the sector might have another 18 months of pain before conditions start to improve for resources.

The mining cycle has not yet reached its lowest point, because there have been too few company failures and consolidations to halt the decline, according to lawyers at legal firm, Baker & McKenzie.

Speaking to IM at the Mining Indaba Conference in Cape Town, South Africa, Greg McNab, a partner at...