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.
NTVKenya reports that a rare earth company in Kenya is facing angry opposition from residents who want the company to stop exploration work.
The project is located on the south coast, 85 kilometers from Mombasa.
The exploration license was issued to Cortec Mining Kenya, a South African company that was incorporated in Kenya last year.
“There is a mis-understanding,” says the unidentified worker in the video.
“The local people think we are mining. When we are not, we are just drilling. We are extracting core samples.”
Comments
Wags
What do you do to counter willful ignorance.