Mining's US$1.4 trillion plunge exceeds total market value of Apple, Google, Exxon
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THE US$1.4 trillion lost in global mining stocks since 2011 exceeds the total market value of Apple Inc, Exxon Mobil Corp and Google's parent Alphabet Inc.
When one has spent a decade building new mines from the Andean mountains to the West African jungle, it's bad news when a downturn in China, the biggest customer, shows no signs of stopping. Investors have been unforgiving and concerns that it will only get worse pushed the Bloomberg World Mining Index to an 11-year low.
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