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Bankruptcy may be mining sector's last best hope

Years of increased output have created global surpluses just as slower economic growth erodes demand
Friday, December 4, 2015 - 05:50


FOR the world's ailing metals-mining industry to have any hope of a turnaround, more producers may have to go belly up.

Companies that dig up everything from gold to copper have failed to stem a prolonged collapse in mineral prices mostly because not enough mines are closing

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