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Mining growth projects add glimmer of hope in dreary economic climate

From miningweekly.com

As mining companies turn to domestic growth-development projects, their spending spree may be what the sector needs to lift it from a slump it has endured for many years. Companies such as platinum mining giant Sibanye-Stillwater and Kumba Iron Ore have led the way in ploughing cash into their local operations, in the midst of an upswing in commodity prices that has given firms headway to explore growth opportunities.The capital investments are not a too common sight in this growth-starved sector which once held the glorious position of being the number one gold producer in the world. But years of declining reserves, ... (full story)

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  • Category: Fundamental Analysis