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.
Canadian mining firm Silver Bull Resources said in a statement on Monday that it has temporarily suspended work at its Sierra Mojada project in northern Mexico due to a blockade by a cooperative of local miners.
Silver Bull said it is in an ongoing legal battle with the cooperative, called Sociedad Cooperativa de Exploracion Minera Mineros Nortenos, which “illegally blocked” access to the project before a final court ruling is issued on the conflict.
Silver Bull is exploring for silver and zinc at the project.
(By Dave Graham and Anthony Esposito)
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