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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Murray & Roberts Cementation has been selected by De Beers as the preferred contractor to undertake the development of an underground mining operation at Venetia diamond mine. This project is in a feasibility stage and will be considered by the De Beers Board in 2012. Much more detail will be published in IM, January 2012. Lying near Musina in Limpopo Province, Venetia is South Africa’s biggest diamond mine representing about 40% of the country’s diamond output. Should the project be approved, it is expected to be in production beyond 2045. (more…)
