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.
Management changes at BHP Billiton and comments by CEO Marius Kloppers have fanned speculation the world’s biggest miner will try to sell less profitable assets to better exploit its crown jewels — iron ore, coal, copper, gas and potash.
