IM September 2024 September 2024 | Page 16

WORLD PROSPECTS

Weir bags key Reko Diq orders including HPGRs

Weir Group PLC has been awarded a contract to provide industry-leading energy efficient , sustainable solutions to the Reko Diq copper-gold project , the 50 % owned greenfield development by Barrick Gold Corporation .

The Tier 1 copper project is located in the Chagai district of Balochistan in Pakistan and is targeting first production in 2028 with an estimated mine life of 40 + years . During the first phase of the project , Weir will provide fine grinding , separation and tailings solutions .
Featured equipment includes Weir ’ s market leading ENDURON ® HPGRs , ENDURON ® Elite wet and dry vibrating screens , WARMAN ® slurry pumps , and CAVEX ® hydrocyclones . Among the equipment to be provided are Weir ’ s large format HPGRs – the highest capacity design in the market .
The initial £ 53 million contract award will be recognised in the order book in accordance with a phased call-off aligned with manufacturing lead times , with £ 26 million recognised immediately
and the remaining orders to be booked in Q4 2024 and Q1 2025 .
After commissioning of the equipment , aftermarket support will be provided via an onsite purpose-built service centre staffed with Weir technical personnel . The receipt of orders associated with the contract award during 2024 does not result in a change to Weir ’ s full year 2024 financial guidance as of 30 July 2024 .
Commenting on the contract award , Jon Stanton , Chief Executive Officer of Weir said : “ We are delighted to have secured this significant
contract which represents further industry acceptance of Weir ’ s differentiated sustainable and cost-effective redefined flowsheet solution , with our market leading HPGR technology particularly suited for the water-scarce climate and geology of the Reko Diq coppergold project . Our engineers have designed an innovative solution that comprehensively addresses the particular challenges of this project and is a great example of working in close partnership with an ambitious customer who shares in our purpose to sustainably and efficiently deliver the natural resources essential to create a better future for our world .”
“ Barrick is pleased to be partnering with Weir in delivering sustainable mining and processing in the new mining frontier of Balochistan . The Reko Diq project will grow Barrick ’ s strategically significant copper and gold portfolios , benefiting all its Pakistan and Balochistan stakeholders ,” said Mark Bristow , Barrick President and CEO . https :// www . global . weir

Metso ’ s Reko Diq crushing & grinding agreement

Metso has signed a comprehensive frame agreement with Barrick Gold Corp ’ s Reko Diq Mining for key process equipment deliveries to the company ’ s greenfield copper-gold project in the province of Balochistan in Pakistan . Reko Diq is one of the largest undeveloped copper-gold deposits in the world .

The gross value of the various Metso equipment packages under the framework agreement is EUR 200 million . The value of the first orders , consisting of crushing and grinding equipment , is close to EUR 100 million in total , and they are booked in the Minerals segment ’ s 2024 third-quarter order intake .
Metso ’ s scope of delivery for the crushing and grinding circuits includes Superior™ 6089 MKIII Gyratory Crushers and Nordberg MP1250 Cone crushers as well as Premier™ ball mills with 51 MW installed power , equipped with gearless mill drive technology and Metso ’ s failsafe Polymer Hydrostatic Shoe Bearing systems , significantly increasing reliability and reducing maintenance costs . The mills will be equipped with Metso ’ s metallic mill linings .
Orders for the TankCell ® mechanical flotation cells and high-intensity Concorde Cell™ units , HRT thickeners , Vertimill X and HIGmill™ regrind mills , mill reline equipment , concentrate filters and automation equipment included in the frame agreement are expected to be signed and booked in the Minerals segment ’ s order intake later in 2024 and 2025 .
“ Reko Diq will substantially expand Barrick ’ s strategically significant copper and gold portfolios and benefit all its Pakistani stakeholders for generations to come . We are pleased to partner with Metso in this project where sustainable concentrate processing is one of the key drivers for plant design and operation ,” said Mark Bristow , Barrick President and CEO .
” We are excited to work as a strategic partner with Reko Diq Mining in this major greenfield project which will ramp up global copper production required for energy transition . Metso will provide Reko Diq with advanced and sustainable technology for the production of copper and gold concentrates ,” says Markku Teräsvasara , President of the Minerals business area and Deputy CEO of Metso .
It is anticipated that Reko Diq will have a mine life of approximately 40 years as a truck-andshovel open pit operation , with construction expected in two phases and providing a combined processing capacity of circa 90 Mt / y . The first production is targeted for 2028 . www . metso . com

Alamos Gold boosts Young-Davidson with Cat R2900XEs

Alamos Gold has become the latest company to add Cat R2900 XE dieselelectric loaders to its fleet , with the
to a significant increase in mining rates at the
Young-Davidson mine in Ontario .
The R2900 XE features a switch reluctance
Canada-based miner reporting in its latest
electric drive system alongside a Cat C15 diesel
quarterly results that the LHDs have contributed
engine , which offers up to 335 kW of power .
Caterpillar says the machine comes with about 30 % increased fuel efficiency compared with the R2900G , with its lower engine revolutions per minute resulting in reduced fuel burn , heat ,
noise , vibration and exhaust emissions . s
12 International Mining | SEPTEMBER 2024