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.
bronces.jpg
Paul Moore reports from Chile that Anglo American has delivered first copper production on schedule from its Los Bronces expansion project in central Chile. The expansion of Los Bronces is expected to more than double (on average over the first three years of full production) the mine’s existing production of 221,000 t/y and is the second of Anglo American’s four major strategic growth projects to begin production during 2011. Los Bronces is an open-pit copper and molybdenum mine located some 65 km northeast of Santiago, Chile, at an altitude of about.4,000 m. Ore is extracted, crushed and transported down a 56 km slurry pipeline to the Las Tórtolas flotation plant, where copper and molybdenum concentrates are produced, as well as copper cathode. (more…)
