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.
U.S. Secretary of the Interior Ken Salazar is expected to announce this morning at 10 a.m. PDT the Obama Administration’s decision regarding the extension of a 1-million acre mining ban around the Grand Canyon for 20 years.
In 2009 Salazar ordered a two-year time-out from all new mining claims in the Arizona Strip near the Grand Canyon.
