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.
Metso received recognition in the coveted Minerals and Energy category of The Premier of Queensland’s Export Awards announced in Brisbane, Australia on 24th October 2013. The Minerals and Energy Award is presented for outstanding international success in the production or primary processing of extractive and value-added minerals or energy products, technology, equipment and services to the minerals and energy industries. Metso was a finalist in this category.
Queensland Premier Campbell Newman congratulates representatives of the Metso Process Technology and Innovation team at The Premier of Queensland’s Export Award Ceremony in Brisbane, Australia on the 24th of October. Left to right: Kristy-Ann Duffy (Mineral Process Engineer), Dr. Walter Valery (Senior Vice President – Global), Premier Campbell Newman, David La Rosa (Principal Consultant).
The Metso Process Technology and Innovation team provides specialised consulting services, research and products to improve the productivity and sustainability of mining operations around the world.
Metso’s Process Technology and Innovation provides global consulting services and products for the mining and construction industries. In the last 10 years, over 400 projects have been conducted and more than 50 advanced systems have been sold. Through its integrated process solutions for the entire operation – from the mine to the processing plant, Metso has been able to deliver considerable results to the industry: significant increases in production (5 to 30%) and metal recovery, cost and energy reduction, as well as overall process efficiency increases at a number of operations worldwide.
The headquarters of Metso’s Process Technology and Innovation business unit and its main technical base are located in Brisbane at the Queensland Centre for Advanced Technologies (QCAT) technical precinct, with additional offices, laboratories and pilot plants located globally.
Queensland is the second-largest and third-most populous state in Australia, home to 10 of Australia’s 30 largest cities and is the nation’s third largest economy The state has vast recoverable mineral and energy resources including coal, copper, zinc, gold, silver, lead, nickel, tin, bauxite, uranium, industrial minerals, oil and gas (55 coal mines and 150 mineral mines). Queensland exports over 170 million tonnes of coal per year through five different ports. It is the world’s second largest producer of lead, third largest producer of zinc and sixth largest producer of silver. Mining Equipment, Technology and Services export sales from Queensland are also very significant, in excess of $2.5 billion annually supporting over 10000 workers.
