Mining goal for ’08 unlikely to be met
October 30th, 2008
Filed under: General News
THIS YEAR’S $1-billion mining investment target will not likely be attained as potential investors grapple with a global credit crunch, the government yesterday said.
The Mines and Geosciences Bureau, which earlier said the lack of funding could delay achievement of a 2011 goal, admitted that the global economic slowdown’s impact would be felt as early as this year.
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