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.
A rare pink diamond is among the gems that will be offered for sale by Angola’s state-owned trading firm Sodiam later this month.
The 170-carat “Lulo Rose” may be the largest recovered in the last three centuries, Australian miner Lucapa Diamond Co. said in July. It will go on sale with other rough stones exclusively to registered customers from Oct. 24 through Nov. 14, Sodiam said in an emailed statement on Friday.
The gems on sale will also include three single stones weighing between 112 carats and 160 carats.
(By Candido Mendes)
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