Aug 01

This Coal Mine Valued At $630 Million In 2011 Just Sold For One Dollar (ZeroHedge, Aug 1, 2015):

To get a sense of the complete devastation in the world of commodities, consider the curious case of Australia’s Isaac Plans coking coal mine, which was valued at $630 million in 2011. It sold on Thursday for $1.  it gets worse: based on data from Citi Research, 90% of all M&A that miners did since 2007 has been written off. The commodity bubble has officially burst – feel free to thank China.

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