nancyp - 31 July 2012 - 10:01am
The mining industry has a long track record of booms and busts. When mineral prices rise, new mines are built in a hurry Host communities beenfit from a jump in jobs, infusions of cash, and investments in infrastructure - the "boom." However, when prices fall, production slows down and some mines close altogether. Communities suddenly find themselves facing unemployment, loss of income and a declining population - the "bust." This cycle can take a heavy toll on communities.
