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.
South African National Union of Mineworkers’ members at diamond producer De Beers Consolidated Mines started a strike on Friday after wage talks failed, a union spokesman said.
The union wants a 15 percent rise in wages, while De Beers is offering 7.5 percent and a once off payment of 2,500 rand ($367).
