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.
Mining in Swedish Dannemora came to a halt in 1992. Due to a severe drop in the price of iron ore the operation was no longer sustainable. As the market is now booming, Dannemora Mineral is working to get the mine dry and back in operation. Xylem has been working with Dannemora Mineral since May 2009 to rid the mine of water and ensure it remains water-free throughout the operation. (more…)
