If 2015 Was Terrible For The Mining Sector, 2016 Could Be The Dagger

HFA Padded
Rupert Hargreaves
Published on
Updated on

Mining has had a rough 2015 between bankruptcies, new regulations and now many big banks cutting off financing to coal miners, but the worst could be yet to come. 2016 is set to be another rough year for the mining sector according to a study of 88 listed mining companies by Ernst & Young, the professional services company. The global commodity market has been hit by the perfect storm of excess supply and weakening demand. Unfortunately, this has come at the worst possible time for miners, which are overloaded with debt, a result of the sector’s decade-long borrowing binge fueled by access…

Login if you are HedgeFundAlpha Subscriber.

HFA Padded

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk