Barrick Gold chief executive Mark Bristow has slammed western fund managers for their short-sighted focus on making quick returns.
He urged them to follow the example of some sovereign wealth funds that are showing interest in investing in risky mining projects in the world’s dangerous regions.
He used Saudi Arabia’s Public Investment Fund (PIF) as an example of an investor considering projects that may not deliver short-term returns but would help production of vital metals for the clean energy transition.
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