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 African-focused explorers, developers and miners were urged last week to drive a resurgent minerals sector in one of the continent’s hottest gold spots, Ghana. Speaking on the second day in Perth of the three day 2011 Paydirt Africa DownUnder conference, Ghana’s Chairman of the Parliamentary Select Committee on Mines and Energy, the Hon. Moses Asaga, said the country had the potential to scale-up many of its smaller mining operations – of which there are about 600 – in parallel with its nine major mines.
