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.
Completing the suite of renewals of its major mining services contracts, Industrea has signed a continuation of the whole of mine contract with Cockatoo Coal subsidiary Baralaba Coal for its Baralaba South mine in the Bowen Basin in Queensland. Industrea subsidiary Industrea Mining Services expects revenue of approximately A$76 million from the contract through to December 2013. Originally awarded the contract in July 2009, following variations, the contracted works include the provision of drill and blast works together with construction of the recently completed 1:1000 flood levee wall extension. (more…)
