Engineering & Mining Journal

JUN 2013

Engineering and Mining Journal - Whether the market is copper, gold, nickel, iron ore, lead/zinc, PGM, diamonds or other commodities, E&MJ takes the lead in projecting trends, following development and reporting on the most efficient operating pr

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Page 157 of 171

P R O C E S S I N G S O LU T I O N S Brand Identity Change Aligns Delkor with Tenova's Mining Business Model Delkor, an industry specialist in solid/ liquid separation and mineral processing applications, has changed its brand identity to Tenova Delkor. Delkor was acquired in April 2012 by Italian company Tenova SpA., thereby becoming part of Tenova Mining & Minerals. Delkor has, for more than three decades, been an industry specialist in solid/liquid separation and mineral processing applications for the minerals, chemical and industrial markets. Offering comminution, flotation, sedimentation, filtration, screening and gravity separation systems, Delkor's services range from testwork, process trade-offs and flowsheet design, to installation, commissioning and aftermarket support. Tenova Mining & Minerals is an integrated solutions provider to the global mining, bulk materials handling and minerals beneficiation and processing sectors, offering innovative technological solutions and full process and commodity knowledge across the mining industry value chain. Tenova is a worldwide supplier of advanced technologies, products and engineering services for the iron and steel and mining industries. Tenova Delkor's David Minson: "Our capability to offer customers technology solutions across the complete value chain means that we can manage interfaces inside the plant, providing the client with a cost-effective way of executing their projects." 156 E&MJ • JUNE 2013 The brand identity change to Tenova Delkor, which does not affect the current Delkor market offering, management or people, aligns Delkor with Tenova Mining & Minerals' stated strategic goals of providing innovative technological solutions and full process and commodity knowledge to clients across the mining and minerals value chain. The alignment of the brand, according to the company, further reinforces the ability of Tenova Delkor to provide its clients with innovation-driven advanced technology solutions. E&MJ spoke to Paolo Argenta, CEO of Tenova Minerals, and David Minson, group managing director of Tenova Delkor, about the brand change and the future for both Tenova Delkor and its parent company, Tenova Mining & Minerals. • In the current economic environment, with large mining projects being deferred or encountering formidable technical, social and governmental problems, do you feel that the Tenova Mining & Minerals Group is now wellpositioned to survive and prosper in the cyclic, up-and-down metals and mining marketplace? We believe that we are well equipped to ride out the current cycle, and future up- and downturns, and, despite the poor market conditions, we have a healthy order book, which is well diversified geographically and by sector. Our robustness in the face of these cycles, we believe is in a large part due to our unique set-up, with no equal competitors, when it comes to our combined group offering and capability. Our equipment supply businesses (Tenova TAKRAF, Tenova Bateman Technologies, Tenova Pyromet and Tenova Delkor), have competitors across the globe, as does our EPCM Projects arm (Tenova Bateman). However, Tenova Mining & Minerals cuts across the boundaries as the equipment supply can draw selectively, for our clients, on our inhouse EPCM services to provide solutions across the complete mining and Paolo Argenta, CEO, Tenova Minerals: "We see a move toward a more segmented element structure for major projects, where key elements are subcontracted under a lump sum, turnkey basis." minerals value chain. This, we believe, positions us well for the future, making us better equipped, as Tenova Mining & Minerals, than we would have been, had the group's constituent companies remained operating independently of each other. In addition, as a niche-player in the mining and minerals industry, we believe that we are increasingly more in demand, as the mining industry is tending to move away from the historical approach of large mining projects that tended to run significantly over budget. We therefore see a move toward a more "segmented element" structure for major projects, where key elements are sub-contracted under a lump sum, turnkey (LSTK) basis. Large or mega projects are divided into discrete elements, which are subcontracted out on an LSTK basis to individual companies, under the overall management of a main EPCM contractor. For example, this could include separate companies, each working individually on prestripping, infrastructure, process plant, etc.,

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