China stainless steel mogul fights to avoid a second collapse
A debt crisis is threatening the future of one of the world’s top stainless steel producers, Jiangsu Delong Nickel Industry.
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Sandvik has received a contract worth approximately €6.5 million from the Chinese Kailin Group for the supply of 19 mining machines, including Sandvik jumbos, bolters, and long hole rigs. The machines will be delivered by the end of 2012. Kailin has long been a Sandvik customer. The picture shows a Sandvik roof bolter photographed during IM’s visit there in 2007. (more…)
