Alaska mining industry faces credit crunch
High-quality exploration, development projects will likely survive despite worldwide shortage of venture capital, financing
Last updated 10/26/2008 at Noon
The national sucking sound of venture capital exiting the mining industry has now expanded to a worldwide sucking sound as virtually all of the world's economies fight the massive, unprecedented credit crunch which started in the U.S. The mining industry is certainly not alone in feeling the down turn but its effects in Alaska began to be felt last month and continued this month as projects were s...
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