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.
NEW DELHI, May 29 (Reuters) – India is seeking rights to mine for gold and diamonds in Russia’s resource-rich Far East, Trade Minister Suresh Prabhu told Reuters on Tuesday.
Prabhu last week led an Indian delegation to attend the St. Petersburg International Economic Forum.
India seeks to import gold and diamonds for value-addition before exporting them, the minister said.
(Reporting by Neha Dasgupta; Editing by Sunil Nair)
