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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LKAB is investing in new technology that will make ore transport up to 20% more energy efficient and help to maximise utilisation of the Ore Railway between Riksgränsen and Luleå in Sweden. The system is called CATO, and the SEK 50 million investment is being implemented in collaboration with Trafikverket (the Swedish Transport Administration). CATO, Computer Added Train Operation, is a computer-based system that optimises train operation within a given timetable by controlling train movements, speed and braking. The system takes into account train meetings, timetabling and other factors. (more…)
