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.
Namdeb Diamond Corp said on Thursday that it had moved back into profit as the global recovery stoked demand for its luxury product and it was cautiously optimistic about the market picking up further.
Namdeb, Namibia’s main diamond producer, is a 50-50 joint venture between De Beers, which is 45 percent owned by mining group Anglo American (AAL.L: Quote), and the country’s government.
