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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FLSmidth has announced a new contract worth approximately $70 million for equipment supplies to an unnamed copper mine in Latin America. The contract includes delivery of a 76,000 t/d grinding circuit consisting of two very large SAG mills and two ball mills. The mills will be the largest gear-driven mills in the world, according to the group. The statement said: “The order signifies FLSmidth’s strong commitment in this important copper market and continues to strengthen its competitive position as a leading supplier to the industry.” (more…)
