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Australia Aims to Rebuild the Mining Industry’s Image

According to an article published by The Australian, the resource stocks in the country are on the right path to outperform the ASX 200 index this 2016. The rate of several merchandises is now stable, which supports the belief that the industry is set to rise again.

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Australia Aims to Rebuild the Mining Industry’s Image

  1. 1. Australia Aims to Rebuild the Mining Industry’s Image Engineering Supplies http://www.engineeringsupplies.com.au
  2. 2. According to an article published by The Australian, the resource stocks in the country are on the right path to outperform the ASX 200 index this 2016. The rate of several merchandises is now stable, which supports the belief that the industry is set to rise again. The Resurrection of the Mining Industry The Australian says that new equity is beginning to flow into the industry. The article mentions that even those exploration IPOs who were dormant for a few years are starting to resurface. Hedley Widdup, fund manager of Lion Selection, shares that several factors involving the mining industry back his belief that the boom has begun. Widdup says that his firm utilised Lion Clock to plot the different characteristics that would lead to the boom.
  3. 3. The Turnaround of the Mining Industry A Switzerland based miner is trying to reestablish the existing mining areas so they can restore the support from the community. Mangoola mine, one of the largest open-pit developments in Hunter Valley, is a portion of their preliminary developments. Mining companies are on alert about the construction of new mines. They encourage others to just restore the former mining sites. Their concern is that awful practices might lead to negative environmental effects, endanger human lives and leave taxpayers with huge amounts of cleanup bills.
  4. 4. RESOURCES:  http://www.abc.net.au/news/2015-10-07/glencore-warns-it-will- not-carry-unprofitable-mines/6834298  http://www.businessinsider.com.au/heres-the-upside-to-australias- mining-boom-downside-2016-5  http://www.engineeringsupplies.com.au/subCategory.asp?id=5164 + Tony Israel, Mangoola’s Glencore operations manager, says that the successful restoration of mined areas will cost millions of Australian dollars. However, he adds that the rehabilitation will allow them to retain their social licence to function. They want the locals and other industries to see that they can peacefully coexist while they operate. In a matter of time, the mining industry will take back its name and function to its full potential, keeping in mind their responsibilities towards the environment and mankind.

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According to an article published by The Australian, the resource stocks in the country are on the right path to outperform the ASX 200 index this 2016. The rate of several merchandises is now stable, which supports the belief that the industry is set to rise again.

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