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.
This weekend a contractor for IAMGOLD Corporation died at the company’s Rosebel Gold Mine in Suriname when the all-terrain utility vehicle the employee was driving rolled on its side. According to a company news release, the contractor was working for Major Drilling.
The company said no one else was involved in the accident and assistance is being offered to the individual’s colleagues and family. The company did not release the name of the deceased.
“Investigations led by the company have been initiated and the company is working with major drilling and local authorities to determine the cause of the accident,” said the company in a statement.
IAMGOLD is a mid-tier gold mining company with operations in Africa and North and South America. The company produces about one million ounces of gold annually.
Michael McCrae wrote this story. You can contact him at [email protected].
Comments
Dav1942
Our prayers go out to this mans family! (All of the ‘Miners’ at North Idaho’s ‘Heckla Mine’, Mullan Idaho USA. (by ‘The Mafia Man’)