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.
After a terrible week for commodities and mining shares, Mining Association of Canada president Pierre Gratton laid out a competitiveness road map for miners in Quebec and across Canada in a speech to the Montreal Council on Foreign Relations on Wednesday.
Canada is currently a top-five producer of aluminum, diamonds, nickel, platinum, potash, steel-making coal, uranium, and zinc.
Gratton warned that in today’s mining world “investment dollars are highly mobile and global competition is fierce.”
If Canada is to retain its place as a “global mining powerhouse,” it must focus on the following key areas, according to Gratton:
Sources: The Mining Association of Canada; Bloomberg
