Much of Canadas mining industry faces a short-term donnybrook but bright prospects in the long-term. However, the industrys short-term difficulties may have consequences for the economy as a whole when economic recovery begins.
The world may shift from a credit crunch to a commodity crunch.
The most endangered mining companies are in exploration. These are the often small companies that find the resources and then typically hand them off to larger production companies for development. Canadian exploration companies dominate the sector worldwide.