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.
Clive Palmer says he will look to use the proceeds from his $US150 million ($197.4m) legal victory over Chinese corporate giant Citic to reopen his shuttered Townsville nickel refinery in north Queensland.
In a major win for the former federal MP, the West Australian Supreme Court ruled Friday that Mr Palmer and his private company Mineralogy were owed substantial amounts of unpaid royalties from the $15 billion Sino Iron project in the Pilbara region.
