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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Weir Minerals Africa has received its largest ever pump order since its merger with the CH Warman pump group in 2008. Kenmare Resources placed the multimillion rand order for the supply of 32 pumps for its Moma titanium minerals mine in northern Mozambique. The mine has heavy minerals reserves which are mined using dredges on an artificial mining pond. They pump the mineral sands that form the banks of the pond to a floating wet concentrator plant. (more…)
