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.
Sweden’s LKAB has commissioned Beumer to provide a curved pipe conveyor for the transport of olivine in summer and quartzite in winter, each at 800 t/h. This material is used for the production of high-quality iron ore pellets. The system will be installed at the company-owned transshipment port in Narvik, Norway. It will automate the storage of material and the filling of railway wagons, which is currently done manually. These wagons transport the material to the main plants in Kiruna and Malmberget.
