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 Mining and Construction segment is purchasing technology and know-how from Jacobs Engineering Group, Inc. (Jacobs) for their Straight Grate Iron Ore Pelletizing technology. In addition, key Jacobs technical staff related to the technology will become Metso employees as part of the deal. The purchase price will not be disclosed.
Iron ore pelletizing is used to produce pellets from concentrated iron ore for feed to blast furnace and direct reduced iron plants. Metso anticipates continued growth in this market as more beneficiation and pelletizing plants are needed to maximize the output from lower grade ore bodies
Metso currently offers the Grate Kiln Iron Ore Pelletizing system. With the purchase of the Straight Grate Technology from Jacobs, Metso will become the only supplier in the world of both systems. Metso will be investing in the on-going technical development of both technologies.
Metso and Jacobs have worked collaboratively in the past with Metso supplying equipment for Jacobs Straight Grate Systems. The companies anticipate that there will be the opportunity for cooperation in the future in other areas.
Jacobs is one of the world’s largest and most diverse providers of technical, professional, and construction services.
Metso is a global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries deliver sustainability and profitability to customers worldwide. Expect results.
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.
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