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’s grinding media will lower the wear rate and our mining customer’s operative costs
Metso has recently demonstrated its position as the leading supplier of grinding media in Northern Africa by securing a six-month long grinding media order to a gold mine in Egypt. The value of the order exceeds EUR 5 million.
“Our comprehensive value adding services packages will materially improve the productivity of our customers’ processes and their overall performance. The quality of our grinding media will lower both the wear rate of the grinding media as well as the operative costs for the customer” says Rodrigo Gouveia, SVP, Wears Solutions, Services business line, Mining and Construction, Metso.
The order is booked on Mining and Construction’s Q2 2014 orders received.
Metso entered the grinding media business by acquiring the Spanish grinding media supplier Santa Ana de Bolueta SA (Sabo) late 2013. The acquisition complemented Metso’s current comminution wear parts offering for mining customers and helps us to gain a better overall control of mill performance.
“The integration of Sabo into Metso has progressed well. We are currently expanding our grinding media factory in Bilbao to better meet the market demand”, says Felix Fornaguera, VP, Grinding media solutions, Services business line, Mining and Construction, Metso.
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.
Metso’s mining and construction professionals specialize in always bringing the right technology, processes, machinery and services to our customers in the aggregates production, construction, mining and minerals processing and in metal and waste recycling. Expect results.
Metso is a leading process performance provider, with customers in the mining, construction, and oil & gas industries. Our focus is on the continuous development of intelligent solutions that improve sustainability and profitability. Metso’s shares are listed on the NASDAQ OMX Helsinki Ltd. Metso employs around 16,000 professionals in 50 countries. Expect results.
www.metso.com, www.twitter.com/metsogroup
