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 received an order worth approximately USD 55m (approximately DKK 302m) from the Vietnamese National Oil and Gas Group Petrovietnam for supply of coal handling equipment for a power plant located in the Thai Binh province, 170 km southeast of Hanoi, Vietnam.
The order comprises various grab unloaders, portal scraper reclaimers, tripper cars and belt conveyors. The equipment will have an unloading capacity of 1,400 tonnes per hours and a reclaiming capacity of 1,200 tonnes per hour.
“Vietnam has significant electric power shortages and has set up a plan for building several power plants in the near future and it is therefore a very interesting market for FLSmidth. This order is an addition to an earlier order for Petrovietnam, and we are naturally very happy to be able to further strengthen our relationship with Petrovietnam,” Group Executive Vice President Carsten R. Lund comments.
For further information about FLSmidth, please visit www.flsmidth.com.
