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-picture-27.JPG
BHP Billiton has completed its acquisition of a series of HWE Mining contract mining subsidiaries from Leighton Holdings. This follows on from a previously announced Heads of Agreement, signed on 9 August 2011. The acquisition relates to the mining equipment and related assets that service the Area C, Yandi and Orebody 23/25 operations. These operations collectively account for almost 70% of Western Australia Iron Ore’s total material movement. (more…)
