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.
Business Insider has a photo essay profiling a rare earth mine in China.
The pictures show a mine that is under-capitalized and labour intensive.
China has tied up 95% of the world’s supply of rare earth since it has been able to undercut everyone else with cheap labour and lax environmental regulations.