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.
At the end of December 2012, Sandvik Mining signed a Mining Systems contract with Sasol Mining (Pty) Ltd for the Shondoni Mine Materials Handling project in South Africa. The value of the contract is approximately 650 million SEK and will contribute to Sandvik Mining’s business during the years 2013 until 2015.
The order entails the supply of materials handling systems, both underground and surface, for a new coal mine. The scope of supply includes engineering design, procurement and construction for the Shondoni Mine Materials Handling system.
“The size and complexity of this system and the fact that Sandvik provides a complete integrated mining system of Sandvik surface and underground mining equipment, again demonstrates our capability to deliver wide-ranging high-tech solutions in the area of continuous mining and materials handling applications”, says Gary Hughes, President of the Sandvik Mining business area.
