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 has been awarded a major materials handling contract in Australia.
The value of the contract exceeds 450 million SEK and will be executed and contribute to Sandvik Mining’s business for the period of the years 2014 until 2016.
The order for the project includes engineering, procurement and construction of two bucket-wheel stacker/reclaimers for coal handling with stacking capacity of 8,600 tons per hour and reclaiming capacity of 7,250 tons per hour.
“The importance, size and complexity of the project and the impressive performance data again demonstrate Sandvik Mining’s capability to provide high-tech solutions in the area of mobile materials handling machines”, says Gary Hughes, President of the Sandvik Mining business area.
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Sandvik Group
Sandvik is a global industrial group with advanced products and world-leading positions in selected areas – tools for metal cutting, equipment and tools for the mining and construction industries, stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems. In 2013 the Group had about 47,000 employees and representation in 130 countries, with annual sales of about 84,000 million SEK.
Sandvik Mining
Sandvik Mining is a business area within the Sandvik Group and a leading global supplier of equipment and tools, service and technical solutions for the mining industry. The offering covers rock drilling, rock cutting, rock crushing, loading and hauling and materials handling. In 2013 sales amounted to about 28,000 million SEK, with approximately 13,000 employees
