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.
In addition to a grinding mill order earlier this year, Altay Polimetally has now chosen Metso as the supplier of a complete grinding system for their new copper mine in Kazakhstan. The order value is over EUR 30 million.
Metso’s vertical grinding technology was chosen by Altay Polimetally copper mine’s new grinding system in Kazakstan
Altay Polimetally is targeting production of 3 million tons per year, and including host rock, 10 million tons. The plant is scheduled to begin operation last quarter 2014. Metso’s solution will ensure that Altay reaches this target.
“Metso has designed this grinding system as a standalone unit, taking full responsibility of the plant efficiency. Driven by automated control, the solution is designed to monitor the overall plant efficiency and guarantee maximum ore recovery”, says Serge de Backer, Business Manager, Crusher Systems, Mining and Construction, Metso.
The order which will be included in Mining and Construction’s 4th quarter 2013 orders received includes process design, engineering, complete equipment supply, controls/instrumentation and electrics, transportation and installation. The project complements two energy efficient Metso VTM-4500-C VERTIMILL® vertical grinding mills ordered under a separate contract earlier this year.
