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.
Following the Mining Indaba in Cape Town at the beginning of the month, Roger Dixon, Chairperson of SRK Consulting in South Africa, commented that “While most economic sectors are nervously peering above the parapets in the wake of the global financial crisis, mining is abuzz with opportunity. Once again, we were encouraged by just how resilient the mining and exploration sector is in the face of market uncertainty,” said Dixon, who was part of a large, international SRK delegation at the event. “The industry was there in full force, and the message was clear: We are not looking back, just going forward.” (more…)
