The $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 you’ve spent a decade building new mines from the
Andean mountains to the West African jungle, it’s bad news when a downturn in
China, your 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.
Read the Bloomberg Business
story - “Mining's $1.4 Trillion Plunge Like Losing Apple, Google, Exxon.”
(Extraction, mining
by another name, is a significant contributor to climate change and so if we
are serious about mitigating the effects of our seriously disrupted climate
system, it’s imperative that we, in some way, limit or control our mining
affairs. Climate change will not be resolved without some pain and so this
restructuring of the world’s mining stocks is just one of the many aches we
will have to deal with – Robert McLean.)
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