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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ABB has recently been contracted to supply gearless mill drive (GMD) systems for two 38 ft SAG mills at the Serra Azul iron ore mine in Brazil. The Serra Azul mine unit, owned by MMX Mineração e Metálicos, an EBX Group company, is located in the iron quadrangle of Minas Gerais near Belo Horizonte. The Tico-Tico and Ipê mines form this unit with a current production capacity of 8.7 Mt/y of iron ore. ABB’s scope of supply includes two GMD systems for 38 ft 23 MW SAG mills comprising transformers, ring motors and complete containerised electrical houses (e-houses). (more…)
