Happy New Year! Most miners were ready to bid adieu to 2018. The year started off well, but forces beyond our control caused prices for most mined commodities to decline and jeopardized some business models. Canada’s oil patch is probably feeling the most pain. As of January 1, a plan put in place by Alberta Premier Rachel Notley curtails crude production (See Alberta Initiates Oil Production Cuts, p. 6). This comes at a time when Albertans are swimming in oil. Recent decisions from federal judges in Canada and the U.S. are preventing the province from exporting more crude.
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