Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Petra Diamonds raised doubts about its ability to continue as a going concern and warned that additional funding may be required if support from one of its creditors falls through.
The company, which has been hit by weak diamond prices, said on Tuesday it was relying on the successful completion of its restructuring to continue as a going concern.
(By Shanima A)
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