Slumping commodity prices drive groundbreaking approaches to mining
Economic blasts are rumbling the ground on which the mining industry stands these days.
As nickel prices drop alongside copper and other local commodities, Vale’s general manager of mines and mill, Robert Assabgui, estimates that more than half of producers are losing money at the current prices, and these companies are forced to make major changes to their operations.
For students advancing onto the employment field in the next few years, the current bust in the cycle could be unnerving.
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