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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Nexans, the worldwide cable industry major, has been awarded a major contract to supply power, control and instrumentation cables from its specialised POWERMINE range for Chinalco’s new Mount Toromocho open pit copper mine in Peru. In cooperation with Anixter USA, its distribution partner for this project, Nexans is providing more than1,200 km of cables to the Aker/Jacobs Engineering turnkey EPC contractor for the mine, which is scheduled to begin production in 2012. Nexans said that it has developed its comprehensive POWERMINE range of customised cable solutions to ensure optimum safety, reliability and efficiency for mining operations. At Toromocho, Nexans cables will power surface mine equipment such as conveyor belts, lighting, power for various buildings, crushers, a maintenance facility, the concentrator and other surface operations. (more…)
