Breaking up the gold giants

Capitalism offers an obvious goal for its contestants; to get bigger. From the size of TV’s and cars to the empires of business, modern capitalism has increased the size of everything. Mining is no exception.Mining houses have chased growing output and growing assets with vigour, leading to a consolidation of the industry; 80% of traded iron ore, for example, is controlled by just three companies despite iron ore being among the most common metals in the earth’s crust. 'Bigger is better' works  as a business strategy just as well as it does a consumption strategy.That creed may finally be changing. One...

Capitalism offers an obvious goal for its contestants; to get bigger. From the size of TV’s and cars to the empires of business, modern capitalism has increased the size of everything. Mining is no exception.

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