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.
Edmonton Journal reports that regional planning directors are considering LRT, light rail transport, to solve traffic jams along Highway 63. As more workers pour up north to work on the oil sands projects, workers are becoming snarled in traffic since the roads lack capacity.
“[Officials] say something needs to be done about mobility issues that could impede the region’s economic growth, with some estimates indicating an hour of traffic congestion costs oil companies $20,000 to $50,000.”
