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.
32 miners are still trapped underground after a piece of equipment caught fire Sunday afternoon at Vale’s nickel mine in Manitoba, Canada according to press reports.
39 workers sought shelter in safe rooms under ground as a result of the the blaze sparked by a load-haul-dump being operated remotely.
No injuries were reported, no-one is unaccounted for and the fire has been contained. “Seven employees were brought to surface by 7 a.m. Monday. The others are expected to follow Monday, after an all-clear is given,” according to the QMI Agency.
4 Comments
Ron ronny
OK. I’II bite. What model of scoop was it
chris
Safe houses. #facepalm
Jonson.joe
It’s standart procedure to sit in what they call a “refuge station” during these kind of events. No need for divinine intervention or to slap oneself on the face.
bobby44
In another country this could have been a disaster. Mining is still a dangerous job but new design and standards reduce the risk. Thankfully all were safe.