North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Pebble Partnership copper gold molybdenum mine project Alaska Northern Dynasty NAK NDM

By Curt Freeman
For Mining News 

Miners, like boats, rode tide in 2009

But the fortunes of some mining companies foundered even as commodities prices marched steadily higher during the past 12 months

 

Last updated 12/20/2009 at Noon



Although commodities prices have improved for the mining industry over the past year, 2009 has been the kind of year most of us hope not to repeat.

The best analogy I can come up with is the one that says "All boats rise and fall with the tide." Under this scenario, company fortunes fell as the general market declined.

Unfortunately, not all boats (companies) rise when the tide goes back up...



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