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.
Anglo American today announced 2012 Q4 production drops of 19% in iron ore and 29% in platinum.
The drops are said to be a result of the ongoing Wildcat labour strikes in South Africa.
Anglo also reported modest increases in coal and copper production but the company’s share value fell 8.5% to 1,866.00 today.