Mine bosses blame their losses on lack of investment and awkward geology, but a report by a British firm called International Mining Consultants cites overmanning and bad management.
Once upon a time gold bulls had to pay a hefty markup to buy coins or had to purchase shares in gold-mining companies and hope that the management was competent.
"Together, Alpha and Cleveland-Cliffs will have the size, the management depth and the mining expertise to compete on the global stage as demand for raw materials continues to increase around the world, " Alpha Chairman Michael Quillen said in a statement to the press.
There are five main gold-mining ETFs, with the biggest by assets under management being the Market Vectors Gold Miners ETF (GDX).
The centre-left Fairfax papers (which support the mining tax) operate under a charter guaranteeing journalists freedom from management control on editorial policy.
ECONOMIST: Fears grow for a newspaper group��s editorial independence
The company has maintained modest but stable profits which can be hard to find in a smaller, volatile mining stock, and we believe that speaks well to competent management.
At the BMO Global Metals and Mining conference last week, several company chief executive officers said that more management discipline was vital to bring back shareholders back into the fold.
There are several factors that will affect the labour market in 2013 and no doubt the employment sector will undergo various changes, including further redundancies, a softening mining sector, employee expectations shifting, the retirement of Boomers, Gen X moving into senior management roles and Gen Y influencing the workplace.
Bumi's current management also announced further steps in its plan to consolidate control of another Indonesian coal-mining subsidiary, Berau Coal, of which it owns 85%.
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