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 Codelco, Chile’s State-owned mining company, to supply big cone crushers for a process improvement project in the Chuquicamata division. The contract also includes an automatic control system for crushers delivered by Metso. The complete value of the order exceeds EUR 9 million.
According to the new contract Metso will supply three biggest cone crushers ever manufactured by Metso. The operational weight of one MP1250 series cone crusher exceeds 150 tons, and the crusher can process up to 1800 tons of ore per hour in secondary position for this application.
“We are very excited to receive this order. Codelco Chuquicamata is one of the most important mining companies in Chile, and they chose Metso’s cone crushers to increase capacity in their division”, comments Renato Verdejo, Manager, Crushing and Screening Capital Equipment South Cone, Metso.
Metso’s crusher delivery to the Codelco Chuquicamata will be completed within the last quarter of 2012. The order was included in Mining and Construction’s first quarter 2012 orders received.
Three biggest mining cones crushers
The total project delivery comprises three Nordberg MP®1250 cone crushers. The MP®1250 continues the success of the MP® 1000 and MP® 800 using the same footprint as the MP® 1000, but delivering up to 25% increase in capacity.
With an increased power rated up to 1250 HP (932 kW), the MP®1250 performs more work per crushing cycle, and its power-to-production ratio exceeds that of its similarly sized competitors in the market.
Codelco is the largest mining company in Chile and the number 1 copper producer in the world. Chuquicamata division operates two copper and molybdenum producing mines, named Chuquicamata and Mina Sur. By the excavation volume, Chuquicamata mine is world’s largest open pit copper mine.
