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.
It has been reported in the South African and Australian media that FLSmidth Roymec has signed a term sheet with Ledjadja Coal for the supply of a coal material handling system and a coal preparation plant. FLSmidth confirms that this information is correct.
The parties intend to negotiate and conclude several contracts regarding the supply of the coal material handling system and coal preparation plant. If and when the contracts are finalised and become effective, we shall immediately inform the market.
FLSmidth is continuously negotiating many potential contracts on the global market. To be considered finalised and effective, such contracts require not only signing but also exchange of down payment and guarantees, etc.
