Ernst & Young Issues Optimistic Forecast For Mining Industry

Ernst and Young has issued a report saying that "[m]ining and metals sector fundamentals are still compelling." The main reason given is the current reflation and stimulus efforts by governments, of which 30-40% should be devoted to infrastructure spending. Also noted are the growth of alternate financing arrangements that will ease the pain of the credit crisis. The summary release goes into depth.

Since Ernst isn't a publicly-traded company, it doesn't have a quote. Its home page is here.

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