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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Homegrown Indian mining equipment manufacturer, Bharat Earth Movers Ltd (BEML) exhibited in China for the first time at the recent 13th China Mining Congress & Expo in Tianjin. BEML was reported in Indian English-language paper The Hindu as stating that it hoped to help China’s mining industry meet its demand for mining equipment, and towards this end launched a number of high capacity machines at the show, including mining dozers and haul trucks, tailored to the Chinese market. However, the company is likely to face fierce competition from Caterpillar, Komatsu, Hitachi and others. (more…)
