“The big guys really screwed up,” Glasenberg, 56, who runs the world’s largest publicly traded commodities supplier, told investors yesterday in a presentation. Enlarge image Glencore International Plc Chief Executive Officer Ivan Glasenberg said he hoped mining CEOs "have learnt their lesson. They built, they didn't get the returns for their shareholders. It's time to stop building." Photographer: Andrey Rudakov/Bloomberg “We’ve always been wanting to keep building and keep putting the cash which we generate into new assets,” he said. “That’s what we’ve got to stop doing as a mining industry. We’ve got to learn about demand and supply.”
Bloomberg 26 February 2013
SDL Price at posting:
21.0¢ Sentiment: None Disclosure: Not Held
