Miners wrote off almost one-third of investments over last decade
From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.
England-based supplier Miller UK won a case filed five years ago, in which accused CAT of misusing classified information to produce its own coupler, rather than buying it from them.
25-fold investment jump in less than a decade. That's how fast China's gaining control over Africa’s mining industry. And Beijing's only pushing harder now.