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.
Copper miners in Zambia are joining their counterparts in Indonesia in demanding a rise in pay.
The Wall Street Journal reports hundreds of miners at Chinese company Sino Metals downed tools Friday over wage demands.
It’s the second Chinese-owned mine in a week to go on strike since last month’s election of President Michael Sata, who has criticized Chinese investments in Zambia, Africa’s largest copper producer, reports WSJ. Production at Chambishi Copper Mine has been disrupted since Wednesday due to striking workers who want their pay rates doubled.
