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.
Swedish mining gear maker Epiroc said it expects near-term demand will remain at a high level, after it posted third-quarter earnings matching market forecasts on Wednesday.
Operating profit in the quarter rose to 2.90 billion Swedish crowns ($265.9 million) from 2.35 billion crowns a year ago, in line with the 2.87 billion crowns expected by analysts in a Refinitiv poll.
($1 = 10.9069 Swedish crowns)
(By Marie Mannes and Greta Rosen Fondahn; Editing by Terje Solsvik)
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