Video: Gold mining faces a cliff after 2025, CRU analyst predicts
Global gold production will peak at about 3,250 tonnes (105 million oz.) next year, according to CRU's Oliver Blagden.
US Labor Department figures released on Wednesday show the country’s mining sector – particularly in the oil and gas sector – added more jobs in 2011 than at any other period since the early 1980s.
The manufacturing industry also expanded and helped employers to hire an additional 1.6 million workers last year. This was the best performance for the labor market since 2006 and compares to the 8.75 million jobs that were lost in the US a result of the 2008/2009 recession Bloomberg reports:
Economists Peter Cappelli and John Silvia say those gains are likely to be extended in 2012. The improvement may spread beyond factory floors and hydraulic fracturing, or fracking, used to drill for oil: retailers, the leisure industry and even construction may also benefit.
3 Comments
Distraught Citizen
Maybe this would indicate to Washington that primary industry is an important employer in the private sector. The environmentalists are trying to kill anything that is related to natural resources by simply hitting the fear factor without any scientific facts to support their argument. It is a simple strategy that works so well. It’s killing America as a place to do business and there is so much uncertainty from the over reaching regulators.
Amyhe
It is really a good news. Mining industry is benefit to the nation and people, for it can produce raw materials in our life and create so many jobs for us!
Growthmining
U.S. should be looking for new untapped coal markets such as the canning basin in Western Australia.