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.
Chile’s economic activity rose 2.3% in May from the same month a year ago, the central bank said on Friday, as the top copper producer´s crucial mining sector continued to lag.
The IMACEC economic activity index encompasses about 90 percent of the economy tallied in gross domestic product figures.
Mining activity in May dropped 2.3% compared with the same month in 2018 as the sector continued to confront sharply falling ore grades at its largest deposits.
Non-mining activity grew by 2.8%, the bank said.
(By Dave Sherwood; Editing by Chizu Nomiyama)
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