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Updated 13:59:42 UST, 22 May 2012

Mining industry financings in April dips to lowest level since Dec: MEG

HALIFAX (Scrap Monster): The mining industry’s aggregate market capitalization fell in April to $1.82 trillion, the lowest level since December, said the Metals Economics Group (MEG), a mining research and consultancy group on Tuesday.

According to MEG, its pipeline activity index showed that significant drilling results also appear to be stalling. Gold drilling has remained flat since peaking in November…

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