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.
Metso has completed the acquisition of the Spanish grinding media supplier Santa Ana de Bolueta SA (Sabo). The acquisition will complement Metso’s current comminution wear parts offering for mining customers.The value of the acquisition will not be disclosed.
“Metso is the global market leader in performance based services for the global mining industry, and our aim is to continuously strengthen our services offering and footprint. Sabo is a reputable and well-known grinding media provider with an excellent know-how, and the acquisition fits perfectly into our strategy – through this acquisition we will become a full comminution services partner for our customers”, says João Ney Colagrossi, President, Services business line, Mining and Construction, Metso.
“By adding grinding media expertise to our portfolio, we gain a better overall control of mill performance. We can offer comprehensive value adding services packages that materially improve the productivity of our customers’ processes and their overall performance. We will utilize Sabo’s know-how when we develop our global services strategy further during the coming years”, he adds.
Grinding media is used inside grinding mills to improve the efficiency of the grinding process. Sabo’s offering covers grinding media for SAG, ball mill and VertimillTM grinding applications as well as bars for rod mills. These are available in different diameters and materials to guarantee the best performance for the mineral to be processed.
Founded in 1841, Santa Ana de Bolueta SA (Sabo) is a privately owned grinding media supplier. Sabo has some 40 employees in two locations in Spain. Sabo’s net sales in 2012 were some EUR 40 million.
