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 signed a contract with Gécamines, a subsidiary of the Vicat group, situated in West Africa, for a second complete crushing and screening plant. The order was booked at the end of fourth quarter 2015. The amount is not disclosed.
The order includes the full engineered design and supply of the primary and secondary crushing and screening stations with new crushers and screens. Metso will also integrate the reuse of existing equipment such as tertiary crushers, a secondary screen and conveyors.
Along with the process design and full engineering of the plant, Metso’s delivery will include a C125 jaw crusher, an HP300 cone crusher and retrofitting 2 HP200 crushers for the tertiary station to produce 250 t/h of aggregate for the local markets.
This plant design follows French regulations and norms for the quarry industry stressing the importance of dust suppression systems.
This is the second contract that Gécamines awards to Metso. The previous order in 2011 included the process design for a full crushing and screening plant producing 600 t/h for the aggregate industry.
Sodevit Gécamines is a key player in Senegal’s cement industry since 1999 and the Group operates two aggregate plants there.
The Vicat Group has close to 7,900 employees working in three core divisions, Cement, Concrete & Aggregates and Other Products & Services, which generated consolidated sales of €2,458 million in 2015. The Group operates in eleven countries with nearly 68% of its sales being generated outside France. The Vicat Group is the heir to an industrial tradition dating back to 1817, when Louis Vicat invented artificial cement.
Metso is a world leading industrial company serving the mining, aggregates, recycling, oil, gas, pulp, paper and process industries. We help our customers improve their operational efficiency, reduce risks and increase profitability by using our unique knowledge, experienced people and innovative solutions to build new, sustainable ways of growing together.
Our products range from mining and aggregates processing equipment and systems to industrial valves and controls. Our customers are supported by a broad scope of services and a global network of over 80 service centers and about 6,400 services professionals. Metso has an uncompromising attitude towards safety.
Metso is listed on the NASDAQ OMX Helsinki, Finland, and had net sales of about EUR 2.9 billion in 2015. Metso employs over 12,000 persons in more than 50 countries. Expect results.
www.metso.com, www.twitter.com/metsogroup
