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.
SUGAR LAND, TX–(Marketwire – Sep 26, 2011) – Researched by Industrial Info Resources (Sugar Land, Texas) — Is coal making a comeback? Despite major setbacks such as slower market conditions and stricter environmental guidelines making it harder to push coal mine projects through the permitting process, more and more coal projects are appearing on the drawing board.
As part of our North American Metals & Minerals Database, Industrial Info Resources is currently tracking more than 180 active coal mining or coal-related projects in North America totaling more than $19 billion.
IIR is tracking more than $5.13 of projects in various stages of planning, engineering and construction from Peabody Energy Corporation (NYSE:BTU) (St. Louis, Missouri), the world’s largest private-sector coal company, including the $175 million Gateway Underground thermal coal mine expansion/North mine addition in Coulterville, Illinois.
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