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.
Global miner Rio Tinto (RIO-N70.71—-%) is on track to hit its 2011 iron ore production target after posting on Thursday a 12-per-cent rise in second-quarter output on the year, but its Australian coal operations were still recovering from floods.
