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.
Thompson Creek Metals recently announced the commissioning of its new Endako mill and that commercial production was achieved on February 1, 2012. For the first five days of February, the new mill was running at or above its design capacity of 55,000 t/d, a 77% increase over the old mill’s capacity of 31,000 t/d. The construction of the regrind circuit for the new mill is still in process and is expected to be completed by the end of March 2012. In the interim, the company is utilising the cleaner and regrind circuit in the old mill. (more…)
