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.
The Maritime Executive reports iron ore shipments on the Great Lakes totaled 5.7 million tons in October, a decrease of 11 percent from September, but an increase of 13 percent compared to a year ago.
October loadings also were up 7.2 percent compared to the month’s 5-year average. Shipments from US ports totaled 5.1 million tons, an increase of 18 percent compared to a year ago. However, loadings at Canadian ports slipped 16.3 percent from a year ago.
Continue reading at Maritime Executive.
Image of Miners Castle – Pictured Rocks National Park by Charles Dawley, Wikimedia Commons.
