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.
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Last week Glencore International published its first sustainability report, disclosing how it performed in 2010 and prior years in contributing to sustainable development. The report details Glencore’s performance in relation to its people, neighbouring communities, the environment, compliance and customers. In 2009 Glencore launched a group-wide sustainability policy framework called Glencore Corporate Practice (GCP), which specifies its approach to these areas of sustainable development. In the report, Glencore announced that it has become a Supporting Company of the Extractive Industries Transparency Initiative (EITI). (more…)
