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.
Having earned a reputation as a leader in the design and supply of large submerged-arc smelting furnaces and complete smelting plants for the production of ferroalloys, base metals, slag cleaning, and alloy refining, Tenova Pyromet is expanding its involvement in the platinum industry with vigour.
In fact Tenova Pyromet is currently working on several new projects, on which good progress is being made. A feasibility study for Eastplats – South Africa’s sixth largest platinum group metals producer – is due to be submitted in December 2008. On client approval, Tenova Pyromet will continue with the refurbishment of the four Pyromet furnaces, with a total capacity of 7.4 MW to be commissioned in May 2010….more at MEIOnline
