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Canadian miners struggle amid over-supply, price collapse

from The Globe and Mail

The mining industry is flooded. Years of expensive expansions have left the market awash with iron ore, metallurgical coal and copper. For more than a decade, China's growing economy fuelled the bull market in commodities. Mining companies spent billions on acquisitions and new projects around the world, adding waves of new supply to keep the country's steel mills and factories humming. more

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