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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Umicore will invest some € 25 million in upgrading and expanding the sampling facility at its main precious metals recycling plant in Hoboken, Belgium. The investment will result in an even more flexible sampling process by increasing capacity and reducing throughput time, thereby supporting the growth of the business and allowing Umicore to react more rapidly to change in the supply mix. The investment will also make better use of space and create an improved working environment. This investment will be fully operational by mid 2013. Engineering studies have also been initiated to address further expansion needs in sampling and may result in additional investments in the following years. (more…)
