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.
Last year, it paid US$4.65 billion to acquire U.S. oil giant ConocoPhillips’ stake in the Syncrude oilsands project in northern Alberta. The deal for a nine per cent share of the world’s biggest oilsands development marked China’s largest-ever investment
