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 won a five-year contract from OCP S.A. (formerly known as Office Chérifien des Phosphates) to operate port equipment for handling phosphate, fertilizers, and sulphur. The port is located in Jorf Lasfar, El Jadida, 100 km south of Casablanca, Morocco. The contract marks FLSmidth’s first Operation & Maintenance contract in Morocco.
FLSmidth was awarded this contract as part of OCP’s ‘ecosystem’ initiative to benefit the local economy by bringing external know-how and hiring local workforce. FLSmidth was selected as partner due to their extensive know-how and commitment to source locally.
“We are extremely proud to be awarded this contract. It marks the culmination of a long-standing partnership between OCP and FLSmidth and is an important step in materials handling equipment operations in Morocco. We will deliver productivity enhancement to OCP by operating and maintaining the equipment we have supplied ourselves,” said Claus Christian Torbøl, Senior Vice President, FLSmidth Operation & Maintenance.
FLSmidth is the market-leading supplier of productivity to the global mining and cement industries. Headquartered in Copenhagen, Denmark, and with offices in more than 50 countries, FLSmidth delivers engineering, equipment and service solutions to customers worldwide. Productivity, sustainability, and quality are focus areas for FLSmidth and its 12,000 employees. The company generated revenue of DKK 18 billion in 2016. Read more on www.flsmidth.com
