Do your self a big favour pick any commodity and google mine closures, copper nickle zinc you name it.
http://www.mineweb.com/mineweb/view/mineweb/en/page674?oid=70968&sn=D
norilsk putting mine in indefinite care.
http://www.silobreaker.com/DocumentClusterReader.aspx?Item=16_914844693
Billions worth of projects are either closing down or going into care and maintance. Im not going to spend weeks finding all these companies. Even companies in chile are slowing or closing, the copper hub of the world.
http://www.bnamericas.com/news/mining/Escondida_declares_force_majeure_due_to_SAG_mill_failure
The escondita copper mine force majeure due to a mill not working what type of politics is this.
With all these mines in care and maintance etc when there is a boom you will see stagnant metal prices for some time because due to the credit crisis manny companies cant obtain finance and are put on hold. The are just sitting there waiting to be developed.
world mine closures signal profit drop
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