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.
cavotec_moormasters_-_port_hedland_02.jpeg
Global engineering group Cavotec has had a significant new order for its automated ship mooring technology, MoorMaster. Iron ore miner Fortescue Metals Group (FMG) has ordered 24 MoorMaster MM200D automated mooring units for the Anderson Point 4 (AP4) berth, the company’s fourth berth at Port Hedland. The units will moor vessels ranging in size from 174 kdwt (’000 dead weight tonnes) to 206 kdwt and are designed to withstand the rugged conditions at the berth where winds gust up to 30m/s. Due to tidal variations, vessels calling at Anderson Point are only able to sail at specific times. If ships are delayed they risk waiting up to eight hours before being able to sail. The MoorMaster units will ensure mooring times are kept to a minimum and thus optimise operational efficiency.
