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.
A few highlights from the interview between Andrew Pollard, president of The Mining Recruitment Group, and BNN’s Andy Bell:
“I call it a bit of a jobless recovery across the board but where we have seen the activity is at the senior executive level.”
“It was so dark for so long that just a glimmer of hope really changes everything.”
“The industry is staring down the barrel of a demographic shotgun right now. The senior executives have held on and all the middle people that should have been there to groom them have all been laid off and re-absorbed into other sectors or don’t even want to come back to mining if it gets better. I call it the great mining brain drain.”
“Even good projects can be broken by bad management teams.”
