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.
Metso Corporation’s stock exchange release on April 17, 2012 at 8:45 a.m. local time
Standard & Poor’s Ratings Services has affirmed Metso’s BBB long-term and A-2 short-term corporate credit ratings and changed the outlook from stable to positive.
Metso is a global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries deliver sustainability and profitability to customers worldwide. Expect results.
www.metso.com , www.twitter.com/metsogroup
Further information, please contact:
Pekka Hölttä, Senior Vice President, Corporate Treasurer,
Metso, tel. +358 20 484 3195
Comments
S. Modenini
Profits and speculations ! such a hidden goal into the Metso’s attitude. What about innovations and R&D ? what about the promotion of the employes position ? Is Metso close to distribute to the crew promoting the marketing and the confidence with customers the profits matured on the shares ? I’m a former employe who had to leave the company because during the crisis , in order to save the share value , the cost cutting becomes … heads cutting. Is Standard & Poor’s informed about the cost of the Metso results ? Always the medal has two faces , remember !