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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Australia Minerals and Mining Group (AMMG), through its wholly owned subsidiary Kaolin Resources, has signed a non-binding memorandum of understanding with Kalamazon Estudos Geologicos (KEG), the wholly owned subsidiary of Kalamazon Minerals. Canadian exploration company Kalamazon is a leading industrial minerals corporation, which is developing a worldclass industrial minerals province within the tax incentive zone near Manaus, Brazil. The MOU provides both parties with the framework to work together in the future to determine whether a licence agreement can be reached for any acid-based kaolin to alumina process that AMMG may develop. The MOU further supports a potential Heads of Agreement for a Joint Venture for the development of one or more of AMMG or KEG’s projects. (more…)
