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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State-controlled Indonesian tin producer PT Timah plans to order two new generation dredges worth around $100 million this year, the Antara news agency has reported. Timah is gradually upgrading its dredge fleet, replacing its old bucket ladder dredges by either the new deep water vessels or smaller lower cost cutter suction ones. It a recent presentation the company said that its offshore tin mining leases contained resources of an estimated 649,402 t of tin, of which 217,549 t were Proven and Probable reserves. (more…)
