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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The A$800 million X50 expansion of the Abbot Point Coal Terminal was named Bulk Materials Handling Facility of the Year by the Australian Bulk Handling Review at the recent awards ceremony held in Sydney on October 26. The expansion of the coal terminal to 50 Mt/y has transformed the mineral port into one of global importance, and is the largest port development project ever undertaken by a Port Authority in Queensland. North Queensland Bulk Ports (NQBP), the port owner, commissioned Aurecon in joint venture with Hatch to complete all engineering design and tender procurement for the project. Other key OEMs, contractors and engineering groups involved in X50 include John Holland, MIE Holdings, Monadelphous, Laing O’Rourke, FAM Queensland and Sun Engineering.
