On Monday morning, shares of the world’s largest mining company, Iq Mining, tumbled by more than 50% in a matter of hours.
The stock was down almost 50% from its peak of $15.83 on Monday.
The company, which is owned by Indian-based mining giant Iqcorp Ltd, has been plagued by reports of poor management and a falling price for diamonds, as well as falling demand for mining services, which have contributed to a sharp fall in mining revenues.
According to a Reuters analysis, the mining industry employs nearly half the global workforce, and it’s the largest in the world.
According the latest statistics from the World Economic Forum (WEF), the mining sector employs nearly a third of all the people worldwide.
But the sector is also facing a sharp decline in demand, with many companies struggling to fill jobs and demand for services, with companies unable to supply workers with the services they need.
Iq, the world´s largest mining conglomerate, is currently in a period of crisis.
Its share price has dropped from $30.65 to $14.86 per share in the last 24 hours.
It has also seen its share price decline from more than $1,200 per share at the start of 2017 to $6.70 in early 2018.
The world is now on the brink of a mining recession, and Iq´s predicament is not unique.
According a recent study by the United Nations, over half of the global mining industry’s workforce is already on the dole, and many of those on the sidelines are also struggling to pay their salaries.
According an article by Bloomberg, the unemployment rate in the mining and diamond industry has been rising since 2009, and in recent years the sector has seen a spike in unemployment as a result of a global financial crisis.
While some of the mines are in the midst of the crisis, others have seen significant growth.
Last month, a major diamond mine in India, Guddu, was ranked the fastest-growing diamond mine company in the country.
Iiq has also recently seen growth in its operations in the South East Asian region, with more than 30% growth in the year ending in September 2017.
A new report by the UN Development Programme (UNDP) highlighted how the mines industry is facing major challenges to maintain its economic viability, as it is losing some of its value in order to continue to meet its growth targets.
The Iq mines are a vital part of the Indian economy and provide a key component of its infrastructure.
It employs about 30,000 people and employs around 12 million people.
The mining sector is one of the fastest growing sectors of India, with about 10% of its GDP coming from the sector.
In fact, the Iq Mines have become a major contributor to India´s Gross Domestic Product (GDP).
However, despite the industry´s growth, the sector´s share of GDP has fallen from 29% in 2015 to 24% in 2019.
It now accounts for only 5.7% of India´S GDP, down from 6.9% in 2009.
The decline in mining revenue has also resulted in a sharp drop in employment.
While Iq has lost around 60,000 jobs since the start to 2020, according to an article in the Financial Times, many of these jobs are at the mines, in areas that have been affected by the downturn.
This has also meant that the sector does not receive enough in tax incentives.
India has been suffering a massive decline in its mining revenue in recent decades.
According research conducted by Oxford Economics, between the early 2000s and the end of 2020, the country lost $3.5 trillion, and is now projected to lose another $3 trillion over the next five years.
In 2017, the Indian government reported that the mining revenue of India was $10.4 billion, and the industry had revenue of $23.4 trillion.
This is equivalent to about 15% of the country’s gross domestic product.
The report estimates that over half this amount has gone to fund the subsidies that companies pay to employees, which accounts for around 20% of total employment in India.
While the sector still generates around 10% to 15% GDP, it is experiencing the largest decline in employment in recent times.
The current slump in mining employment is not only affecting the Indian sector.
According another study, global mining companies are now facing a massive challenge to retain their profitability.
According To The Times of India in November 2018, the International Monetary Fund warned that if the current downturn continues, the economic recovery in the next few years could be as poor as the previous three decades of industrial decline.
As the sector continues to suffer from the downturn, the World Bank said in its latest economic outlook report, that the world is entering a period that will see a sharp reduction in the growth of the economy, and that this would affect employment in sectors such as mining, agriculture, finance, and