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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BASF and Ji’Ning Hock Mining & Engineering Equipment have received approval from the relevant antitrust authorities in China for the formation of BASF Hock Mining Chemical (China) Company Ltd. BASF has a 75% majority stake in the new venture, which will continue Hock’s existing business activities in the field of chemical injection and cavity filling products for coal mining and other underground applications. “With this investment BASF demonstrates its long term commitment to the underground construction and coal mining industry on a global basis. We will bring our best technologies to the industry in China and around the world,” said Dr Tilman Krauch, President of Construction Chemicals at BASF. (more…)
