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.
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Kennecott Eagle Minerals, a wholly owned unit of Rio Tinto, has awarded Veolia Water Solutions & Technologies a contract for the wastewater treatment plant at its Eagle mine located in Michigan’s Upper Peninsula. Kennecott’s Eagle Mine will be the only primary nickel mine operating in the USA and is expected to produce some 300 Mlb of nickel and 250 Mlb of copper over the life of the mine. Kennecott Eagle Minerals aims to protect the surrounding environment including groundwater, streams, rivers and lakes and has teamed up with Veolia to treat the mine water to meet and exceed water quality standards set by its mining permits. Veolia’s treatment solutions include the patented OPUS® high recovery membrane process and Liquid Evaporation and Distillation (LED) evaporators and crystallisers for brine management to achieve Zero Liquid Waste Discharge at the mine site. (more…)
