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.
Gold Fields has entered into an agreement with Bateman Engineering to sell its BIOX business to Bateman Engineering for a net cash consideration of $8.84 million. The BIOX business is the owner of a proprietary and patented technology, known as the BIOX process, which is used for the pretreatment of refractory ores and concentrates prior to gold recovery through conventional cyanide leaching techniques. Included in the sale is a second technology, currently in development, for the efficient removal of thiocyanate and cyanide from leach solutions. The technology, known as ASTER (Activated Sludge Tailings Effluent Remediation), is currently undergoing pilot plant testing and if commercially viable could be applied to many conventional gold processing plants worldwide….International Mining
