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.
CiDRA Minerals Processing, a company offering real time process monitoring equipment, has been awarded, through Bechtel Chile Ltda, its third expansion contract to supply SONARtrac® process monitoring systems to Minera Los Pelambres in Chile, one of the world’s largest copper mines. The SONARtrac systems will provide volumetric flow measurements on critical slurry lines within the concentrator plant, and work integrally within the Los Pelambres expansion project awarded to Bechtel. This contract is part of the ‘Repower 2 Project – Minera Los Pelambres’, scheduled for completion in 2010 which will increase the capacity of the mine’s concentrator from 132,000 t/d to 159,000 t/d. (more…)
