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.
Russian gold mining group Uzhuralzoloto said on Monday that its board had approved issuing 30 billion additional shares.
Last week, Reuters reported that the group was planning a Moscow IPO this year, citing three financial market sources.
(By Felix Light; Editing by Gareth Jones)
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