Mining Boom in Australia Edges Past Peak as UGL Touches Low

Signs are intensifying that the mining boom is topping out in Australia, the biggest shipper of iron ore and coal, with engineering contractor UGL Ltd. (UGL) touching a three-year low after joining rivals in making job cuts. “The peak is unquestionably behind us” for the resources boom, Richard …

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Mining Boom in Australia Edges Past Peak as UGL Touches Low