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.
China’s Zijin Mining said on Thursday that some “high-grade ore bodies” in the shallow areas of the Buritica gold mine in Colombia had been illegally mined by organized groups.
The illegal mining has led to certain losses for its subsidiary, Continental Gold Inc, though the exact amount of lost resources is still being verified, a company statement said.
(By Beijing newsroom; Editing by Mark Potter)
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