As fear-blinded traders rushed for the gold-stock exits, they claimed their selling was rational because gold miners’ very existence was threatened by such low gold prices. But that’s a total fallacy, this sector has no problem weathering sub-$1200 gold.
Two experienced mining financiers are making a $4.7 million bet that one of the world’s largest and most controversial minerals deposits is about to turn a major corner.
JP Morgan Cazenove says Swiss commodity trading giant has to start off-loading inventory to slash its $48 billion debt pile and keep its credit rating.
Fluid handling equipment may suffer from multiple problems including physical and mechanical damage as well as general or localized erosion and corrosion. These problems are linked to decreased efficiency and poor performance, leading to increasing operational costs.
Steve Powell, Product Manager at Twiflex, one of world’s most recognised heavy duty brake brands and part of the global Altra Industrial Motion group, offers some advice on installation and maintenance to optimise the performance and service life of these very important systems.