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.
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GIW engineering experts travel frequently to mining sites all over the world, including the oil sands mining operations in Alberta, Canada. The oil sands sites present many unique challenges to mining operations, including extreme weather (such as temperatures below -40o F during the winter.) During visits with oil sands customers, GIW observed the pump houses that customers currently have in operation. Based on these observations, GIW noted room for design improvements that would provide better equipment alignment during operation and ease of maintenance during rebuilds. The existing pump houses allow some mobility, but the houses vary in design and quality. (more…)
