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Cheap oil is a blessing and a curse for miners

Cheap oil flowing from the price war being waged by Russia and Saudi Arabia is likely to be a double-edged sword for the mining industry, reducing operating costs but encouraging production at a time of a weak demand -- which could mean lower prices for longer.

Cheap oil is a blessing and a curse for miners Cheap oil is a blessing and a curse for miners Cheap oil is a blessing and a curse for miners Cheap oil is a blessing and a curse for miners Cheap oil is a blessing and a curse for miners

Under normal circumstances no-one in mining would complain about discounted diesel in the pits, or lower energy costs for processing plants, but these are far from normal times.

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