Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
A nickel processing plant in Papua New Guinea owned by Metallurgical Corporation of China (MCC) has restarted after a brief shutdown and is already operating normally, a spokesman for the company said on Monday.
MCC was last week given permission by the Papua New Guinea government to restart the plant, which was closed for not taking remedial actions after a spill in August, and will ramp up “step-by-step” to full production, the spokesman said.
(By Tom Daly; Editing by Tom Hogue)
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