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.
Careering around Egypt’s rocky Eastern Desert, Alexander Nubia CEO Mark Campbell peers from his jeep and sees hills so rich with gold they could lure billions in investments and jumpstart the ailing economy. His company just has to find it.
Egypt’s gold mining industry has for years been long on potential and short on investment — the result of a jarring mismatch between spectacular geology and an unattractive commercial framework for mining.
Despite a history of gold mining that stretches back to the pharaohs, the industry is largely dormant.
