Monday, October 27, 2008

Mining projects delayed on credit crunch says Credit Suisse is predicting that the credit crunch may delay $50 billion in investment in mining during 2009 for new and expanding projects. This could amount to nearly 2/3 of spending planned for the year. They worry this could lead to delaying $150 billion that was expected to be spent in 2010-12. [right, silver bar, credit Asarco]

No comments:

Post a Comment