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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Sandvik Mining and Construction (SMC) has entered into an agreement with BHP Billiton for the conceptual design of a mechanical cutting system for use at BHP Billiton’s Jansen potash project. The project, located near Saskatoon, Saskatchewan in Canada will employ Sandvik Borer Miners designed and developed under this agreement. The Sandvik Borer Miners will incorporate the latest technology available for enhancement of automation, production, life cycle costs and safety. Sandvik Borer Miners (including the former Marietta Borer) are used around the world for mining potash and trona and are well known for their high production rates and low life cycle costs. (more…)
