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.
Indians, the world’s biggest buyers of bullion, took gold’s latest tumble as another incentive to buy on one of the country’s most auspicious festivals which fell on Friday.
“They started calling in from yesterday evening to lock on this buying opportunity. Even as I am speaking to you my three phones are ringing,” said Harshad Ajemra, owner of JJ Gold House in Kolkata on the east coast.
