Government intervention turns concern for mining industry
Sai Nikesh | The Dollar Business The year 2014 was a tough fight for the global mining industry with commodity prices down, short-term volatility increasing and initial scorecard for the top 40 global mining companies was mixed, said a PricewaterhouseCoopers’ (PwC) review report on global trends in the mining industry- Mine 2015. Now, the gloves are off for the mining industry with widespread government intervention, internal industry conflicts and rising shareholder activism, noted the report. Responding to above statement in the Indian context, Basant Poddar, Vice-president of Federation of Indian Mineral Industries (FIMI), MD, Mineral Enterprises Ltd., told The Dollar Business that ‘mining industry in India is facing severe challenges due to higher political intervention’. To a question on ‘whether government ...
