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.
Sandvik Mining, whose parent company spent ZAR3.5 billion in research and development in the 2011 financial year, has been undertaking intensive research in partnership with RAG-Deutsche Steinkohle, Germany’s largest coal mining company, aimed at improving automation processes of face mining machines using the Sandvik MR620 roadheader as the coal face model. Sandvik has compiled a report on the progress of the research with the focus on profile definition and the automatic cutting cycle. (more…)
