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.
A bomb blast in Afghanistan has killed eight mining workers, the Associated Press reports.
The roadside bomb struck a vehicle carrying employees of a private chromite mining company in the country’s Parwan province.
Abdul Basir Salangi, Parwan province leader, told the AP that the Taliban was to blame. The group has previously targeted mine workers and other development projects in Afghanistan.
Earlier this week insurgents killed 12 Afghan civilians – many of them had been working on rural infrastructure projects in the country.
Afghanistan has vast resource wealth; according to the US government about $1 trillion worth of minerals, including copper, gold, iron ore and rare earths deposits.
Creative Commons image by: The U.S. Army
