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.
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ICMM has welcomed Codelco – Corporación Nacional del Cobre de Chile – as its latest member company. Diego Hernández, President and CEO of Codelco, took part in his first meeting of ICMM’s Council of CEOs in London on Wednesday this week. “We are pleased to have Codelco aboard as an ICMM member,” said Marius Kloppers, CEO of BHP Billiton, who that day took over from Richard Adkerson, CEO of Freeport-McMoRan Copper & Gold, as Chair of ICMM. “It signals the company’s commitment to working with their peers to advance the sustainable development performance of the sector in an open and collaborative manner.” (more…)
