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 INR 1900m (approximately DKK 200m) from a leading Indian steel producer, Tata Steel, to supply two pipe conveyors for transport of 6 million tonnes per year of iron ore over a distance of around 9 km from the steel company’s Khondbond mines to the railway loading point at Joda in the state of Odisha, located on the east coast of India.
The scope of supply includes two pipe conveyors with a total conveying capacity of 1,400 tonnes per hour. The pipe conveyors are 3,600 and 5,300 metres long, respectively, and will run through a challenging terrain and forest land.
Over the past years, Tata Steel has increased its focus on safety and corporate social responsibility with special attention to environmentally friendly initiatives, and the company therefore chose FLSmidth’s globally proven pipe conveyor technology for this application. FLSmidth has previously delivered an in-plant pipe conveyor to Tata Steel’s Pellet plant application at their Jamshedpur facility, confirming the advantages of the technology.
