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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GE has been selected by Korea Western Power Co (KOWEPO) for the first integrated gasification combined-cycle (IGCC) power plant to be built in South Korea and one of the first in Asia. The 300 MW ”cleaner coal” facility will help the South Korean government meet its low carbon emissions targets, while bolstering the country’s electricity supply and of course, is a welcome development for the global coal industry and its major equipment suppliers as these types of more environmentally friendly coal-based plants will form an important proportion of demand over the long term. (more…)
