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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The main drive motor of the first huge thyssenkrupp in-pit crusher at CITIC Pacific Mining’s Sino Iron project was operated for 30 minutes in July 2011, marking an important milestone for the Chinese-owned magnetite project near Cape Preston in Western Australia. The crusher is the first unit of a series of equipment to be commissioned as the process plant moves from the construction to commissioning phase in 2011/2012.
