Risky business

Australian market research analyst IBISWorld has named lead and zinc ore mining among its 10 riskiest industries in 2009.

Australian market research analyst IBISWorld has named lead and zinc ore mining among its 10 riskiest industries in 2009.

“The end of the resources boom and plunging commodities prices are the culprits putting this sector at risk,” IBISWorld said.

On top of the significant price drops in the industry during 2008, IBISWorld predicts a further 30% drop in revenue in the coming financial year.

The risk forecast considers critical information about the business’ environment and other influencing factors which will be critical to the industry’s future performance, including its life cycle, level of competition, trade exposure, external assistance, growth risk, macroeconomic variables and non-economic sensitivities.

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