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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ABB has successfully completed all tests and the no-load commissioning of its ACS 6000 drive, installed at the Ma JiaLiang coal mine’s main shaft hoist in Shanxi Province, China. ABB’s ACS 6000 drive is designed to allow for continued hoist operation at half-speed and under full-load, if required by the process. With this successful breakthrough, ABB says it “becomes the first supplier worldwide to design and realise this kind of function in a hoist system.” This function will greatly reduce the maintenance time and increase the reliability and availability of coal mine production. (more…)
