OPERATIONS

Glencore stands behind its assets

WHILE some of the world’s major-asset mining technology providers quietly offer a 5%-10% performance guarantee on major assets in a flowsheet, such as comminution, flotation and leaching, Glencore Technology is going a step further with the world’s first 25% performance guarantee.

An IsaMill arriving on site, July 23, 2018

An IsaMill arriving on site, July 23, 2018

Mike Hourn from Glencore Technology said the market treated traditional performance guarantees as mild assurances only. He said they did not reflect the skin in the game that ought to be perceived by...

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