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.
Russian state-owned diamond miner Alrosa plans to issue Eurocommercial paper (ECP) worth $400 million to finance a deal with the country’s second largest lender VTB , Alrosa President Fyodor Andreyev said. Alrosa, the secretive state diamond monopoly, is…