Australia faces a a “significant but low” 15-20 percent risk of recession as the mining investment boom fades, according to a research note by AMP Capital’s chief economist Shane Oliver today.
At least 33 people are missing after a training tunnel at the massive Grasberg gold and copper mine in Indonesia's West Papua province collapsed, according to mine owner Freeport-McMoRan Copper & Gold Inc.
"It can't be a normal thing that even after the tragedy of Marikana people continue to die, people continue to be hacked to death," said Nathi Mthetwa, the country's police minister.
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