The company now expects earnings before interest, tax, depreciation and amortization, which is a more closely watched metric than net income in the steel industry, to be between $6bn and $7bn.
While existing atmospheric leach processes leach a maximum of 95% copper in 20-60 hours, the FLSmidth® Rapid Oxidative Leach process can leach more than 98% of copper from concentrates containing as low as 8% copper in less than 6 hours; a faster and much simpler process.
In this interview with The Gold Report, Mancini advises investors to go for the best of the best: gold miners with cash flow, great balance sheets, low costs and good management.