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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Mechel OAO, one of the leading Russian mining and metals companies, has announced that its Southern Urals Nickel Plant has opened an experimental industrial complex to produce ferronickel.The industrial complex will produce ferronickel by electric smelting. The complex’s launch is part of the reconstruction of the plant’s smelting facilities, aimed at increasing production efficiency, lowering production costs and dramatically reducing the volume of waste released into the atmosphere. The new technology will also allow the plant to significantly decrease operating costs by excluding several expensive components from the technological cycle.
