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.
IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) announced Friday that a fire occurred overnight on February 24 in the concrete batch plant at the company’s Côté gold project in Ontario, Canada.
On-site emergency responders were deployed and immediately initiated response procedures, working in conjunction with the local fire department, the company said in a release.
The fire was extinguished and no injuries were reported. Activities at site resumed in the early morning and the cause of the fire is being investigated, Iamgold said.
The project team is assessing the situation and evaluating potential mitigation measures to determine the impact this event may have to ongoing construction activities.
