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« The “Bloodbath” in Canada Is Far From Over | Main | He’s Worried For His Safety… »
Monday
Nov092015

Shares Of World's Largest Miner Plunge To Seven-Year Low After Massive Toxic Mudslide Engulfs Brazilian Village

Ok, so if you’re the world’s largest mining company, one thing you don’t want is a global deflationary supply glut brought on by depressed demand from China and a worldwide excess capacity problem. 

Another thing you don’t want is for a tailings dam to burst, sending a river of toxic mud into a nearby village in South America.

Well, BHP Billiton is now dealing with both of those issues and the market is punishing the stock, which hit a seven-year low on Monday as analysts and investors alike attempt to figure out how the company intends to clean up a spectacular (in a bad way) mess in Minas Gerais.

read more....

 

This just goes to show that even the biggest miner can hit this sort of problem.

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