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.
Proactiveinvestors reports Regency Mines announced on Wednesday that its drilling work is continuing on the Mambare nickel joint venture in Papua New Guinea, but that visa delays may impact the planned work programme.
The company said that the delays, caused in part by political uncertainty surrounding the appointment of a new government, could restrict the scale of the drilling programme. Papua New Guinea last week swore in a new PM and cabinet sweeping aside the old guard ahead of general elections next year.
Proactiveinvestors (UK) reports Regency is awaiting full results from a ground penetrating radar programme and drill results are also pending.
Mambare is being explored through a 50-50 joint venture with Direct Nickel Ltd. Regency also told investors that it will ‘in due course’ gain a further interest in the project.
Apart from the Mambare lateritic nickel/cobalt deposit in Papua New Guinea, Regency Mines also has interests in:
