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.
Phillips Machine South Africa, under the direction of Larry G Cantley, Phillips Machine South Africa Managing Director, is a branch of an American based Phillips Machine that has been involved in almost all phases of repairs, remanufacture, fabrication, development and sales of underground mining equipment, for the past 35 years in the US. The South African branch has been trading with the Phillips name since 2008 and has moved into newly-built premises, which includes 1,000 m2 of workshop space, 250 m2 office space in Middelburg, Mpumalanga Province, where Phillips Machine SA has commenced local manufacture of equipment line, and will be hosting an opening ceremony to all South African mining groups early in February 2010. (more…)
