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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Stillwater Mining Co (SMC) has tentatively placed an order for a third Kiruna K635ED electric hauler to meet increased production as the company initiates its next development phase – extending its underground electric truck ramp haulage system from 1,067 m above sea level (asl) down to 762 m (asl) – its next development phase to extract ore at lower levels. SMC took delivery of the first two units early last year when it opted for a dedicated ramp below the mine’s shaft bottom (International Mining, September 2011, pp8-18). (more…)
