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.
On November 14 Potash Corp of Saskatchewan issued the following statement in response to the announcement by BHP Billiton that it has withdrawn its unsolicited tender offer to acquire PotashCorp: “BHP Billiton’s decision to withdraw its offer underscores the PotashCorp Board of Directors’ unanimous belief that the offer substantially undervalued PotashCorp and failed to reflect both the value of our premier position in a strategically vital industry and our future growth prospects.” Read more
