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.
West African Guinea boasts the world’s largest reserves in bauxite, a raw material utilized for the production of alumina. Recently, the TAKRAF GmbH was assigned with the turn key supply and installation of a bauxite handling plant.
Source: TAKRAF GmbH
TAKRAF GmbH, a Leipzig based company with a wealth of experience in development, design, fabrication, erection and commissioning of equipment and systems for the global mining and material handling industry, has secured a major contract for the turn key supply and installation of a bauxite handling plant in Guinea, West Africa. The contract value is approximately 100 mill Euros.
The contract value of the installation is approximately 100 million Euros. A major challenge for TAKRAF is reconstructing the plant whilst the installation is in operation.
Source: TAKRAF GmbH
TAKRAF, with roots dating back to 1725 and with more than 1,000 employees worldwide, is affiliated to TENOVA spa, a technology based group of companies based in Milan, Italy, which in turn belongs to the Italian engineering company TECHINT, a leading integrated supplier of technology and turnkey industrial plants.
As part of an ambitious program to increase the export capacity, TAKRAF supplies and installs equipment for the unloading of rail wagons as well as crushing and conveying of bauxite.
Source: TAKRAF GmbH
Guinea, situated on the west coast of Africa, boasts the world’s largest reserves in bauxite, a raw material utilized for the production of alumina, which is used in the smelting of aluminum, a metal important in the aviation industry, automobile fabrication, and many more durable goods manufacture.
Compagnie des Bauxites de Guinée (CBG), jointly owned by the international mining houses ALCOA, RIO TINTO, DADCO and the State of Guinea, mines and exports bauxite for more than 50 years and has put in place an ambitious program to increase their export capacity, for which TAKRAF supplies equipment for the unloading of rail wagons and crushing and conveying of the bauxite. A major challenge is the brownfield character of the works, which means that the new supplies and modifications to the existing plant have to be carried out whilst the installation is in operation. Very limited plant downtime and difficult conditions for logistics are a further challenge.
TAKRAF is executing this contract in close cooperation with their subsidiaries in the USA, China and South Africa, whereas the project lead is based in Leipzig, Germany. TAKRAFs CEO Dr. Frank Hubrich underlines the importance of this project for the implementation of the company in the important markets in western Africa and praises the good cooperation between the different entities of the company. The commissioning of the plant is scheduled for the 2nd half of 2018.
Tenova TAKRAF is an integrated solutions provider to the global mining, bulk material handling and minerals industries, offering innovative technological solutions as well as process and commodity knowledge along the industry value chains. With the integration of the well-known DELKOR brand of products into TAKRAF, the offered portfolio for the mineral beneficiation and processing sectors has been considerably enhanced. Further information is available at www.takraf.com.
Tenova is a worldwide supplier of advanced technologies, products, and engineering services for the mining and metals industries. Further information is available at www.tenova.com
