We delve back into the mists of time, all the way back to 2003…
A heady year for sports, culture and business also saw the launch of the very first Alchemist report, which looked at the market capitalisation of the global mining industry versus the global market titans of the time.
20 and a bit years later, we decided to revisit the analysis to see what’s changed and if the key themes from 2003 still hold true.
The ensuing years have seen some seismic shifts in the makeup of the global mining industry and some significant over- and under-performers among the large cap miners. In other ways, the more things change, the more they stay the same…
