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.
GE Energy has announced the introduction of a new alternating current (AC) excavator solution which consists of drives, controls and motors designed specifically for challenging surface mine applications and environments. GE already has a long history of designing, installing and maintaining direct current (DC) excavator systems worldwide. “Mining owners and operators are migrating to AC systems in general,” said Nimesh Sharan, GE’s senior product manager for motors. “AC excavator systems are more energy efficient, and because they utilise less mechanical parts, AC systems tend to require less personal care and maintenance.” (more…)
