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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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…)
