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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Following extensive research that began more than 35 years ago, Tecnored Desenvolvimento Tecnológico, a Vale company, in partnership with Brazil’s development bank, BNDES, and Logos Tecnocom, has started up the first pig iron demonstration plant that does not use traditional blast furnace methods, in Pindamonhangaba, São Paulo state. The innovation enables higher productivity, lower emissions of CO2 and particulate matter, the flexible use of raw materials, and a reduction of up to 30% in the cost of steel production. (more…)
