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.
FLSmidth has won a contract worth $49 million from Detour Gold for the supply of equipment for its Detour Lake gold plant in northeast Ontario. The order includes two SAG mills, two ball mills and one gyratory crusher to be delivered over the course of this year and 2011. The open-pit plant will have a capacity of 55,000 t/d. (more…)
