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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Germany’s Schmidt, Kranz Group has acquired 75% of mineral processing major, allmineral. The group is already the owner of Hazemag & EPR. “The Schmidt, Kranz Group’s involvement is a further expression of our consistent, internationally-oriented market strategy”, stated allmineral’s Managing Director, Heribert Breuer, adding that the international market for ore and coal processing, which is allmineral’s core business, has grown considerably in recent years. “Now that an established company with a strong global presence like Schmidt, Kranz group has joined us, we will be able to offer our clients even more qualified expertise and to enter into new markets”, he said.The Schmidt, Kranz Group has various subsidiaries around the world and manufactures and sells crushers, mining vehicles, tunnel boring machines and high pressure hydraulics as well as other products. The acquisition was made possible by the previous shareholders, Klösters und Ackermans, who transferred their shares to the Velbert-based company. Particularly in the Indian market, the companies aim to increase investment in the near future. allmineral Asia wants to greatly expand its activities in India with those of Hazemag India. Since 2009, allmineral Asia Pvt Ltd has been responsible for marketing, project management and service for allmineral’s complete solutions in the field of mineral processing in India and Southeast Asia. Hazemag India is part of Hazemag & EPR, another subsidiary of the Schmidt, Kranz Group which manufacture and distribute machines and plants for processing and crushing above ground and underground, as well as machines for underground mining.
