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.
SUEK is one of the world’s leading coal producers, the largest coal producer, supplier and exporter in Russia, as well as a leading heat and electricity producer in Siberia.
The recently signed order end of October includes the delivery of 10 Sandvik MB670-1 Bolter Miners and 2 Sandvik MH621 Roadheaders – with an option for another 2 Sandvik MH621 Roadheaders. The new machines will provide improved reliability and operating performance for the mines along with a wide range of productivity features.
Delivery of all machines is scheduled for the second half of the year 2019
“Sandvik was awarded the contract having delivered a good technical proposal to the customer, showing the ability to provide excellent technical solutions based on Sandvik’s vast experience in designing bolter miners and roadheader in the area of mechanical cutting equipment”, says Roman Tonyshev, Business Line Manager, Mechanical Cutting Division, Sandvik Mining and Rock Technology.
Sandvik Group
Sandvik is a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and safety. We hold world-leading positions in selected areas – tools and tooling systems for metal cutting; equipment and tools, service and technical solutions for the mining and construction industries; products in advanced stainless steels and special alloys as well as products for industrial heating. In 2017, the Group had approximately 43,000 employees and sales of 91 billion SEK in more than 150 countries within continuing operations.
Sandvik Mining and Rock Technology
Sandvik Mining and Rock Technology is a business area within the Sandvik Group and a global leading supplier of equipment and tools, service and technical solutions for the mining and construction industries. Application areas include rock drilling, rock cutting, crushing and screening, loading and hauling, tunneling, quarrying and breaking and demolition. In 2017, sales were approximately 37 billion SEK with about 15,000 employees in continuing operations.
