Industry

Challenges of Mining in India

The recent global macroeconomic uncertainties including plummeting commodity price cycles, currency devaluation in Brazil, the cost reduction strategies of the firm, the falling economic growth in China, the lowering capital expenditure (CAPEX) investment on infrastructure projects have had tremendous impact on the firm level competitiveness and the underlying earnings before interest, depreciation, taxes and amortization (EBIDTA) of mining firms, inevitably affecting mining in India as well. The turmoil in the European Union and the Quantitative Easing in USA can also...

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