Is MIM disadvantaged by being a mid-sized company in the light of the consolidation occurring in the global mining industry?
A. No. At MIM we are focused on improving shareholder returns. The success of our expansions, upgrades, new projects and improved operating performances shows that we can be extremely competitive and achieve good value growth. As a medium sized company with flexibility and acknowledged technical capability, we are attracting continued interest from smaller entrepreneurial mining and exploration companies which see us as potential partners in project development. Top of page Discussions with Xstrata Plc Q. In November 2002, MIM announced that following an unsolicited approach by Xstrata it was in early stage discussions with Xstrata in relation to a transaction which could lead to a change of control of MIM. What is the latest position? A. The discussions are continuing and an announcement will be made when the outcome is known. While management time and resources are continuing to be involved in this process, the company remains focussed on our objectives of continuing to improve the p
