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.
POSCO, the world’s third-biggest steelmaker, is not in talks with Sundance Resources over the latter’s $4.6 billion iron ore project in West Africa, a POSCO source said.
“We previously met Sundance Resources (on the project) but are not currently in talks with the company on it,” the source told Reuters, declining to be named as he was not authorised to talk to the media.
