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.
RBC Capital Markets notes that South Africa has been plagued by a power shortage since early 2008. “Over the past two years, the situation improved only because the economic environment slowed dramatically, reducing electricity demand. At the same time industry, mining specifically, reduced power consumption by at least 10% – partly due to lower output, but also due to taking steps to be more power-efficient.” Read more
