Global mining stocks have lost $1.4-trillion since 2011, more than the combined value of Apple, Exxon Mobil and Alphabet Inc, according to Bloomberg Business, which reports that its world mining index has dropped to an 11-year low.
The market capitalisation of diversified major Anglo American, for example, has fallen from $73-billion in 2008 to $4.5-billion in its pre-centenary year – a 90%-plus collapse.
Outside of gold, mining is going from one annus horribilis to another as Chinese turmoil spreads new year gloom.
