Gold CEO scandal is latest black eye for mining as setbacks mount


Sebastien de Montessus Photographer: Matthew Staver/Bloomberg , Bloomberg

LONDON: Endeavour Mining Plc’s shock firing of its chief executive has capped a miserable three months for the global mining industry – and an equally painful period for its shareholders.

The world’s biggest producers have spent much of the past decade trying to rebuild mining’s reputation, after a slew of bad deals and billion-dollar writedowns sent investors fleeing from a business already viewed by many as dirty and risky.

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