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.
FLSmidth has today acquired the market-leading technologies and products related to unmanned operation and process optimisation of stackers/reclaimers and train loading systems from the German company iSAM AG.
The technologies and products acquired will enable FLSmidth to offer and supply complete, unmanned integrated bulk handling solutions to mining, stockyard and port facility customers in line with FLSmidth’s One Source strategy.
Application of unmanned operation will support FLSmidth’s customers’ continued focus on higher efficiency, improved safety and maintenance, higher yield as well as cost savings.
The technologies and products will be seamlessly integrated into FLSmidth’s operations in close coordination with iSAM AG to ensure undisrupted service of the markets.
“These well-proven technologies can be used worldwide within Bulk Materials and will strengthen FLSmidth’s offerings to its customers. The trend is moving towards unmanned operation and the technology can be easily integrated with FLSmidth’s current business,” Group CEO Jørgen Huno Rasmussen comments.
For further information about FLSmidth, please visit www.flsmidth.com.
