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.
Metso will supply a tandem rotary railcar dumper to Hamersley Iron Pty Ltd. in Australia. The equipment will be delivered to Hamersley Iron’s Cape Lambert, Port B iron ore operation in North Western Australia. The value of the order will not be disclosed. The order also includes spare parts, technical assistance during installation, pre-commissioning, commissioning and performance testing.
The design of the equipment allows for lower maintenance and higher, more efficient material output flow, and ease and safety of maintenance is also improved through a reduction of overall components.
This is the second equipment of this kind delivered to Hamersley Iron for this project. The previous equipment was delivered in 2011. The design of the equipment was achieved by working closely with Rio Tinto and the engineering team of this project.
“One of Metso’s commitments moving forward is to work together with our customers in partnership so that we achieve the best outcome, and we look forward to supporting Rio Tinto on this project”, says Mr Max Wijasuriya, VP, Capital Equipment for Australia and New Zealand, Metso.
Delivery is scheduled for the second quarter of 2013. The order has been included in Mining and Construction first quarter 2012 orders received.
Hamersley Iron Pty Ltd is a member of Rio Tinto Group, one of the world’s leading iron ore producers. Rio Tinto has approximately 77,000 people working in over 40 countries.
Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 29,000 employees in more than 50 countries. www.metso.com
