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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Industrea Mining Services has signed an extension contract by for the hire, service and support of a range of equipment to CST Minerals’ Lady Annie mine worth approximately A$26.9 million in revenue based on minimum contracted hours up to February 2014. Industrea Managing Director and CEO, Robin Levison, said the extension related to its existing equipment used at the site. “Our initial engagement commenced in August 2010 and has now been renewed out to February 2014. We enjoy a good working relationship with CST Minerals and are delighted to continue providing equipment as part of the Lady Annie expanding copper production targets for the next two years”, Levison said. (more…)
