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.
Multi-commodity miner Rio Tinto is reporting a continued decline in diamond production. In the second quarter of the year it mined 2,733,000 carats, a 24% decline compared to the prior year, the company said Thursday. It expects to end the year with a 6% decline in production.
