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.
De Beers chairman Nicky Oppenheimer told a Washington audience Thursday that Africa has a bright future if its leaders embrace globalization and allow the private sector to flourish. “Globalization is a huge force for good,” he said. An open and accessible world economy is vital for African growth.
“Speaking as a proud South African,” the 65-year-old Oppenheimer told members of the Council on Foreign Relations that Africa needs leaders of character, “who learn from the past and do things differently.”
