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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MineARC recently released two new refuge models aimed at the coal mining industry in Australia/NZ, the new CoalSAFE refuge chamber and the Change-Over-Station (COS). The MineARC COS is designed to facilitate self-escape from the mine during an emergency. Stocked with up to 40 self rescuers (SCSRs) and a CABA quick-fill-station, the COS’s ‘walk-through’ layout aids miners and other personnel in stepping out of the mine, and out of harms way. Also, the company says its new CoalSAFE “is the only refuge chamber in the world able to provide intrinsically safe scrubbing (CO/CO2) and cooling – both are vital to the ongoing life support.” (more…)
