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.
Baden, Switzerland, September 18, 2012 – ABB, the leading power and automation technology group, has recently won an order for a long-term service agreement (LTSA) to maintain and improve the performance of two installed ABB gearless mill drive systems at the Climax Molybdenum Mine, owned by Freeport-McMoRan Copper & Gold, located near Leadville, Colorado (USA). The order was booked in June 2012. Full Press Release
