Over 24,000 people attended this year's Prospectors & Developers Association of Canada’s Convention — a strong indication that confidence has returned to the mineral exploration and mining industry.
Only weeks after a swirl of media reports trumpeted that potash soon may become a $65 billion industry for Michigan, the owner of the only potash mine in the state stopped production of the mineral and laid off a dozen workers.
Statement after annual planning meeting warns of "downward pressure" on the world's second largest economy and the need to take "bold steps" to reform industry.
Canadian mining companies are becoming increasingly unwilling to add employees to their payrolls and are reporting the weakest hiring intentions since Q3 2009.