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 Chinese are buying gold in a hurry. I will start with some numbers and facts synthesized from recent media articles including this Bloomberg report and this China Daily article. China is the world’s biggest producer of gold, with Chinese mine output reaching a record 340 tons last year.
