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.
Industrea has signed a contract with Shanxi Asian American Daning Energy Co. (SAADEC) worth A$2 million. SAADEC is acquiring additional underground directional drilling equipment supplied by Industrea subsidiary Wadam Industries for Daning Coal Mine, Shanxi Province. SAADEC is now the longest user of Australian-built underground directional drilling equipment and the Daning mine is using Industrea’s Advanced Mining Technologies Drilling Guidance System (AMT DGS) methane gas drainage equipment, which has become the industry standard in China in boosting mine safety. (more…)
