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.
The repeal of a U.S. anti-corruption “resource extraction rule,” which passed Congress late last week, leaves Canadian companies with much tougher reporting rules than their American peers, putting the two countries on divergent paths.
If and when President Donald Trump signs off, U.S.-listed energy and mining companies will no longer be required to disclose taxes and payments made to governments, a move at odds with rules in 30 other countries.
