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.
Brazilian investment in mining is about to shatter a five-year record.
The country’s Mining Institute, Ibram, said Wednesday that investments in mining in Brazil will reach $75 billion by 2016, driven by growing demand for raw materials such as iron ore from emerging economic powerhouses China and India.
Fox News reported the key figures from the institute:
