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.
clg888.jpg
Chinese company Liugong, best known as a major manufacturer of wheel loaders, has acquired a 42% share in mining truck manufacturer Beijing Capital Steel Heavy Duty Truck Co Ltd, a subsidiary of Beijing Capital Steel Mining Co. The deal is described as a strategic co-operation that will allow Liugong to add construction and mining trucks to its product portfolio. Liugong stated that it will participate in R&D activities, manufacture and sales of the trucks.
