Anglo’s sale of De Beers hindered by diamond market state
Anglo American has warned of more production cuts at De Beers due to reduced spending by Chinese consumers prolonging the market downturn.
Metso Minerals will supply an iron ore induration machine to Global Supplies Ltd., a member of the Essar Group. The machine will be delivered to Essar Steel Holdings Ltd. for its Point Lisas Pellet Plant located in Couva, Trinidad and Tobago. The value of the order is approximately EUR 16 million.
The order comprises a 744 square meter induration machine with 270 pellet cars, as well as auxiliary equipment, start-up, commissioning and training services.
Global Supplies specializes in global procurement and project execution. The end customer Essar Steel Holdings Limited, is a global producer of steel with a footprint covering India, Canada, USA and the Middle East. It is India’s largest exporter of flat steel products.
Metso is a global engineering and technology corporation with 2007 net sales of over EUR 6 billion. Its over 27,000 employees in approximately 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries.
www.metso.com
For further information for press, please contact:
Rich Schmitz, Vice President, Bulk Materials Handling, Mining business line, Metso Minerals, tel. + 1 412 269 5227
