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.
SALT LAKE CITY, Utah – London, U.K.-based RIO TINTO is spending US$270 million for a new molybdenum autoclave process (MAP) facility at its Kennecott Utah Copper Bingham Canyon mine near here. The new process will treat lower-grade concentrates not suitable for conventional roasting, improve moly recovery, enhance operating flexibility, and produce chemical-grade molybdenum products, says the company…more at Canadian Mining Journal
