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.
Go to our Facebook page and let us know if you think the blood diamond concept should be applied to other minerals.
Liberian ex-president Charles Taylor was convicted today of war crimes for arming Sierra Leone’s rebels in return for blood diamonds during the 1991-2002 civil war by a United Nations-backed court.
According to the World Diamond council, conflict or “blood” diamonds are illegally traded rocks used mainly to fund conflict in war-torn areas, particularly in central and western Africa.
The United Nations defines conflict diamonds as “…diamonds that originate from areas controlled by forces or factions opposed to legitimate and internationally recognized governments, and are used to fund military action in opposition to those governments, or in contravention of the decisions of the Security Council.”
