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.
The Graphmada Large Flake Graphite Mine in eastern Madagascar is processing 500 tonnes per month, says owner Bass Metals in a news statement released Wednesday.
The plant reached and sustained 25 tonnes per hour feed rate at an average head grade of 4.5% total graphitic carbon, achieving the processing plant’s nameplate production. The company says concentrates produced are at 94% fixed carbon.
Bass Metals (ASX:BSM) is a Perth-based producer of industrial mineral concentrates focused on Madagascar.
Creative Commons image of Madagascar Baobab courtesy of Frank Vassen
