IGO to record impairment against nickel assets in strategy shift
IGO has been undertaking a strategic review in an attempt to revaluate its resources.
ATB Morley says the 11 kV motor it recently supplied to Xstrata Coal “is the very first of its kind; historically most large electrical motors supplied for underground coal mining have been manufactured suitable for a maximum voltage of 3,300 V. [This] motor weighing in at 10 t currently stands as the largest underground mining motor in the world.” (more…)
