sp
there are already some very serious challenges going on in the mining industry with regard to skills shortages and rising contractor costs.
These are very serious issues at the moment:
1. oil price high = high diesel price
2. Skills low = high wages and low productivity
3. equipment costs increasing
We have already seen CRS and now VRE shelve projects. In the background there is a lot of pain happening that has not yet shown up in profit reports, but it will.
Noone is talking about what is happening to costs at established producers. I would not be buying a marginal producer at the moment.
acturtle
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