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.
The Zest WEG Group, including EnI Electrical, Shaw Controls and IMS Cape, has been awarded a contract by RB Met, a joint venture between Royal Bafokeng Holdings and Metix, to supply a complete electrical solution for a 600,000 t/y Outotec SBSTM ferrochrome pelletising and sintering plant in Rustenburg, South Africa. The plant is being constructed for the Xstrata Merafe Pooling and Sharing Venture (PSV). Construction on this energy efficient greenfields plant started on April 21, 2011.
