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.
Equinox Minerals’ Lumwana Mining has signed a five year concentrate offtake agreement with Konkola Copper Mines (KCM) for annual quantities of between 70,000 and 80,000 t (dry) of concentrates from the Lumwana copper mine (IM, March 2009) with an option by mutual agreement for additional annual quantities of Lumwana copper concentrates under the same terms as the Agreement. The copper treatment and refining charges under the Agreement are to be determined annually based on Japanese Smelter Benchmark terms. (more…)
