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.
2011_12_figure1.jpg
International Energy Outlook 2011 (IEO2011)released today by the U.S. Energy Information Administration (EIA) presents updated projections for world energy markets through 2035. Worldwide energy consumption grows by 53% between 2008 and 2035 in the Reference case, with much of the increase driven by strong economic growth in the developing nations especially China and India. Acting EIA Administrator Howard Gruenspecht: “China and India account for half of the projected increase in world energy use over the next 25 years. China alone, which only recently became the world’s top energy consumer, is projected to use 68% more energy than the US by 2035.” (more…)
