2011 was a year where many metals and minerals were hitting all-time record prices, most companies had more cash than they knew what to do with and in some parts of the world mine workers wouldn’t ge out of bed for less than six-figures. 2012 was always going to bring with it some sort of reckoning. Here are some of the more notable flops, failures and flameouts of the year. They include mention of Robert Friedland, Rio Tinto, Glencore, Xstrata and Anglo American.
See http://www.mining.com/the-greatest-mining-flameouts-of-2012-14826/?utm_source=digest-en-mining-121223&utm_medium=email&utm_campaign=digest.