PDAC 2016: Mining companies will continue to dig into oversupply

By Kasia Patel
Published: Monday, 07 March 2016

Easy financing options and further cost cutting, coupled with Chinese uncertainty, mean that mining companies are unlikely to relinquish market share in 2016. As a result, continued oversupply should keep prices in many markets low.

Mining companies have reacted to the current downward cycle in bulk commodities by cutting costs rather than supply – a trend that is likely to continue throughout 2016, delegates attending PDAC in Toronto, Canada heard this week.

According to CRU analyst Paul Robinson, mining operating expenses were largely trimmed over the course...

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