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.
Sandvik Mining and Outotec have successfully cooperated in several past customer projects in a trustful and often informal way. The basis for cooperation has been that the offerings of the two companies are complementary and do not overlap, providing a complete process solution for minerals processing plants including ore crushing, grinding and concentrating.
Sandvik and Outotec have now decided to deepen the cooperation as there is significant value creation potential through a closer relationship. To create a solid foundation for generating mutual value, both parties have signed a Memorandum of Understanding, expressing in which areas they jointly wish to build a closer working relationship.
Thanks to the individual strengths, capabilities and product portfolios of Sandvik and Outotec, customers can benefit from an optimized process throughout their mining value chain, resulting in efficient recovery of minerals, energy efficiency and improved environmental performance.
“Building our relationship with Outotec will drive further value in an already proven concept. Cooperating within comminution is in line with Sandvik’s long term strategy to profitably be a market leader. Outotec is a reputable company and we look forward to working with them”, says Gary Hughes, President of Sandvik Mining.
“We look forward to deepening our cooperation with Sandvik enabling us to offer an entire processing plant including crushing, grinding and concentrating as well as process testing, design, basic engineering and process guarantees. We look forward to serving our joint customers even better and growing our business together with Sandvik”, says Jari Rosendal, President of Outotec’s Non-ferrous Solutions business area.
