Mining needs more activist investors, top gold producer says

Mining companies could benefit from more investor activism in the wake of Elliott Management’s campaign for improved performance at BHP Billiton, according to Australia’s second-largest gold producer. The sector’s record of returns warrants closer scrutiny from shareholders, Evolution Mining 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.”