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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Murray & Roberts Cementation has begun work on a contract awarded by Sasol Mining to provide a men-and-material shaft and a ventilation shaft as well as a decline and coal seam development on the No 2 and No 4 seams at Sasol Mining’s greenfields Impumelelo mine project. The mine, located about 50 km from Secunda and 22 km from Greylingstad in Mpumalanga, is one of the biggest coal projects that Murray & Robert Cementation has been involved with to date. The shaft complex has been designed to operate for a minimum period of 35 years. Project duration is estimated at about 43 months, from May 2011 to November 2014, including site establishment and site de-establishment. Excavation on the men-and-material shaft, the ventilation shaft and the decline began in July 2011 and is well within the programme schedule.
