Metaphor is the way we deepen our understanding of the complex. But here is a mining metaphor that literally leaves me cold. A keynote speaker at a conference in London said yesterday that the mining industry is facing a nuclear winter. He proceeded to expand on this terrible scenario, say the mining industry faces these issues:
Collapse of market values; No access to equity finance; No credit availability; Deterioration of project economics; Financings under pressure; Need to conserve cash; Consolidation trend accelerating; Cost of fending off predators.