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.
In a swing from the $26 million loss reported in the September quarter last year, platinum group metal miner Platmin achieved a $7.5 million profit for the three months to end September 2011 on the back of first platinum sales. Johannesburg (I-Net