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.
BluMetric Environmental (TSX-V:BLM), a firm that builds water treatment systems for mining sites, announced today that it will provide its services to an unnamed major global company.
Even though it didn’t reveal who is its new partner, BluMetric did say in a press release that the site where it will operate is located in remote northern Quebec. Thus, the clean-tech firm had to especially design a contained system suited to the difficult conditions of the area.
“Our professional experience in remote territories and our understanding of the associated environmental issues relating to mining served as a base, on which we built using our process knowledge and our willingness to act as a partner with our client. We have brought to bear every aspect of our company from field experience, research, engineering, finance, and customer service in this instance,” BluMetric CEO Roger Woeller wrote in the release.
Woeller is said to be responsible for a series of million-dollar contracts that have led the Ottawa-based firm to two consecutive years of profitability.
