Organization predicts a rare occurrence in 2015: a decline in all nine commodity indices with industrial metals falling another 5%; precious metals down 3%.
December is a period that sees lower levels of exploration and resource announcements, and last month was every bit as disappointing as expected, an SNL report shows.
A mineral exploration company faced an unusual situation recently, when Ontario mining officials enforced foreign orders against mining claims for which the company had recorded its interest.
Price volatility, geopolitical turmoil, rising costs, declining grades and a general lack of financing will make of 2015 another challenging year for the sector.
The 56 year old who built Xstrata into one of the world’s biggest mining firms and then sold it to Glencore, is tipped to be on the verge of landing his first big fish.
