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.
Metso confirms that it has recently received an unsolicited approach by Weir with a proposal for commencing discussions concerning a potential combination of the two companies. Metso occasionally receives these types of proposals and, in case the Board of Directors of Metso considers them serious, evaluates such proposals. Contrary to market rumors, Metso is currently not and has not been engaged in discussions with Weir although it is in the process of considering Weir’s proposal.
