Top Gold Producer Says Mining Needs More Activist Investors
- Rise of passive investing poses a challenge: Evolution’s Klein
- Australia, Canada targeted by activist campaigns, FTI says
AllianceBernstein Sees Recovery in Mining Industry
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Mining companies could benefit from more investor activism in the wake of Elliott Management Corp.’s campaign for improved performance at BHP Billiton Ltd., according to Australia’s second-largest gold producer.
The sector’s record of returns warrants closer scrutiny from shareholders, Evolution Mining Ltd. Executive Chairman Jake Klein said in an interview in Kalgoorlie, Western Australia. “I’d like to see it,” he said. “Investors are almost too tolerant, and too accepting.”