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.
Photo sourced from Flickr by arcticpenguin, via Creative Commons license.
A waddle of penguins has stopped a $2.5bn (£1.9bn) mining project in Chile. The creatures, which have been protected since 1990, live in the National Humboldt Penguin Reserve, in the Coquimbo Region, almost 300 miles north of the capital, Santiago.
Andes Iron had planned to build a mine and a port near the site, where it planned to churn out up to 12 million tonnes of copper and ore every year.
