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.
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The last century has witnessed acceleration in Industrial output like never before. This acceleration and development in almost every sphere of life is largely attributed to one technology – Information Technology (IT). However, Zafar Naqvi, CEO of Indian company Terra Soft Solutions, feels the mining Industry is an exception – it has grown rapidly with very little dependence on IT. “There is little doubt that the next upward trajectory of the mining companies will depend on how much and how well IT is utilised,” he says. (more…)
