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.
Reuters reports that Saskatchewan’s provincial election results have ensured stability of potash revenues for the next four years. Premier Wall has promised to leave potash royalties paid to the province by major producers unchanged for the next governing term, in contrast to the NDP, which wanted to raise them. Saskatchewan is the home base of Potash Corp of Saskatchewan and its rivals Mosaic Co and Agrium Inc also have potash mines in the province.
