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.
Kennecott Utah Copper announced in mid-April that its parent company, Rio Tinto, will spend $340 million to build a new Molybdenum Autoclave Process (MAP) facility in Magna, Utah, near Salt Lake City. Engineering and Mining Journal reports: http://www.e-mj.com/index.php/news/leading-developments/353-rio-tinto-to-spend-340m-for-autoclave-plant-.html
