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.
Gold Fields has become the first mining group, registered as a signatory with the International Cyanide Management Institute (ICMI), to obtain accreditation for all its eligible operations with the International Cyanide Management Code. This follows both the Kloof and Driefontein mines, located in South Africa, attaining the standard. Gold Fields’ CEO, Nick Holland, commented: “We have now achieved the objective we set ourselves in November 2005, when we became a signatory to the cyanide code, for all Gold Fields operations to be ICMI accredited”. (more…)
