Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
The mining sector is in a sorry state even at current prices and cannot be seen as a viable industry unless it undergoes a major reinvention, says Randgold Resources CEO Mark Bristow. “The harsh reality is that the mining sector has inflicted debt and write-downs on itself without making provision for its long-term future,” he told delegates at the Mining Indaba, in Cape Town, on Tuesday.
The mining sector is in a sorry state even at current prices and cannot be seen as a viable industry unless it undergoes a major reinvention, says Randgold Resources CEO Mark Bristow. “The harsh reality is that the mining sector has inflicted debt and write-downs on itself without making provision for its long-term future,” he told delegates at the Mining Indaba, in Cape Town, on Tuesday.
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