Would they have the funds atm?
The last thing two of the world’s biggest mining companies, BHP Billiton and Vale, need today is speculation that after the disaster at their jointly owned Samarco iron ore mine in Brazil they might also have to close big nickel-mining operations to stem a tide of heavy losses.
That, however, is precisely what has been suggested by research analysts at the investment bank Credit Suisse who have painted a depressing picture of demand for the metal which is largely used to make stainless steel.
Iron Ore Price, page-2850
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