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.
The first shipment of iron ore from African Minerals’ Ltd Tonkolili mine in Sierra Leone has left for China, the West African state’s deputy minister for natural resources said on Friday. African Minerals started mining late last year and had since been stockpiling the ore. It expects to export about 1.2 million tonnes of iron ore during the current fourth quarter.
