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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Greenland Minerals and Energy Ltd (GMEL) says it has made “a critical technical breakthrough on the Kvanefjeld multi‐element project in Greenland.” Kvanefjeld is underpinned by one of the world’s largest known JORC‐code compliant resources of rare earth elements and uranium. In early 2010, the company released an interim prefeasibility report outlining a base‐case development scenario that would see Kvanefjeld developed as a cost‐effective, long life operation. Since then, focused research and development has led to major technical breakthroughs in the area of mineral beneficiation that provide a clear path to an increasingly efficient and cost‐effective development scenario. (more…)
