It was just over a year ago that Tony Simon, President of Seguro Consulting, brought to our attention the initial problem of the zombie miners (definition referred to mining exploration companies that had negative working capital and therefore did not meet the Continuous Listing Requirements (CLR) for the TSX and TSX-V stock exchanges).
Mick Davis's private equity firm not on shortlist featuring Vale, Mosaic and Eurochem for $1.5 billion phosphate and niobium operations in South America.
Vale says 2016 output will come in at the lower end of expectations, potentially pushing the Brazilian giant to number two in global iron ore rankings.