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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Mining company Grängesberg Iron AB and the Swedish Transport Administration have signed a co-operation agreement on investigations regarding future ore train traffic between the iron ore mine in Grängesberg and the Port of Oxelösund. The mining operations in Grängesberg are planned for a re-start by 2015, with the aim of producing 2.5 Mt/y of iron ore products. (more…)
