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.
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Outotec has been awarded a contract by Guangxi Jinchuan Non-Ferrous Metals for the design and delivery of a greenfield copper production plant to be built in the Fangchenggang port area near Bei Hai in Southern China. The contract value exceeds €30 million. Outotec’s scope of delivery includes operating licenses for both Outotec® Flash Smelting and Kennecott-Outotec Flash Converting technologies, basic engineering and delivery of proprietary equipment for smelting and converting, anode casting shop as well as spare parts. In the first phase, the annual capacity of the smelter will be 400,000 t of cathode copper and it is expected to be commissioned in early 2013. (more…)
