Former Xstrata boss Mick Davis, a driving force in the deal making that transformed the mining sector during the commodities boom, suggested investors to stay away from coal and Africa, until at least next year.
Speaking at the FT Commodities Global Summit in Switzerland, the mining veteran said he expected the coal market to remain depressed this year, but added it sees it picking up in 2016…
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By Cecilia Jamasmie
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