* Despite economic woes, value of minerals produced increased * 2008 planned exploration spending increases 26 percent * U.S. coal production reached another record last year Readers of Mining Engineering and other industry publications have been bombarded with depressing news about the state of the industry dismal commodity prices, mine closings or retrenchments, and layoffs. The continued decline in the U.S. housing market during the latter part of 2008 resulted in significant declines in the production and consumption of many construction materials, the MIT reports.
THE DRIFT OF THINGS Steve Kral Mining Engineering; May 2009; 61, 5; Docstoc pg. 4 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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