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.
Australia’s Gross Domestic Product (GDP) would be boosted by A$17 billion by 2030 if it maximised its supply role in the global demand for nuclear-based cleaner energy, according to one of the country’s major uranium lobby groups. Addressing the first day in Adelaide today of the 2009 Paydirt Uranium Conference, Australian Uranium Association Executive Director, Michael Angwin, said the GDP boost would occur if the nation responded fully to the opportunities by the world’s shifting energy portfolio. This shift was moving towards the alternatives to fossil fuels – renewable and nuclear power. (more…)
