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.
Roger Agnelli, the former head of the Brazilian mining giant Vale, has died after his private jet crashed into a residential building in Sao Paulo, local media reported.
Agnelli, his wife and two of his children were among seven killed when his aircraft slammed into the building around 18:20 GMT on Saturday, minutes after taking off from an airport in northern Sao Paulo, an aviation official told Reuters news agency.
Agnelli was credited with turning Vale into a major global success, making it Brazil’s biggest exporter and the world’s largest iron ore producer.
Read more at Al Jazeera
