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.
Brazilian miner Vale said in a filing on Monday that a court has granted a temporary injunction giving back operational licenses to the company’s Sossego and Onca Puma mines.
The miner was informed by the State of Para’s environmental secretary last week that its operating license for the mines had been suspended.
Para’s environment secretary did not immediately respond to a request for comment.
(By Steven Grattan; Editing by Kylie Madry and Matthew Lewis)
Read More: Vale sees no indication of environmental breach at suspended mines
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