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.
Brazil’s iron ore exports reached 33.68 million tonnes in June, the highest volume in nine months, as major producers like Vale shipped more in response to higher international prices, official government data showed on Thursday.
June exports were up 12.2% compared with the same month last year, the data showed. Compared to the previous month, June exports were up 26.3%. Commodities prices have been rising globally, and iron ore prices have been bolstered by strong demand from China.
(By Roberto Samora; Editing by Jonathan Oatis)
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