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.
Some of China’s resource companies feel they have been misled by investment-seeking Canadian governments about just how difficult it is to establish successful mines in Canada, Ottawa’s ambassador to Beijing has warned.
That sour note may help to explain declines in Chinese investment in Canada in favour of the United States, and serves as a backdrop to recent diplomatic jousting between the two countries.
An internal report last October by Ambassador Guy Saint-Jacques details a raft of complaints from an official with the China Mining Council about the unwanted surprises some mining companies encountered in Canada.
