Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
Metso will supply minerals processing equipment to Taigang Group Lanxian Mining Co. Ltd, (TISCO), the largest stainless steel manufacturer in China. The value of the order will not be disclosed. The order will be included in Mining and Construction Technology’s second quarter 2011 orders received. The delivery is scheduled for the first quarter of 2012.
The order comprises seven units of vertical plate pressure filters, wear and spare parts, as well as services related to installation, start-up, commissioning and technical supervision. The delivery is for concentrate filtering for TISCO’s Yuanjiacun iron ore processing plant in Lan county, Shanxi province. The plant is expected to start operation in May 2012 with a daily processing capacity of 22,000-23,000 tons of iron ore concentrate.
The Yuanjiacun plant is designed to process 22 million tons of raw iron ore per year. When completed, Yuanjiacun will be the largest iron ore processing plant in China.
TISCO is among the world’s largest producers of stainless steel. In 2010, the company’s net sales were EUR 11.7 billion.
Technical information
The pressure filter model VPA2050 is a medium pressure type operating in the pressure range of 6-10 bars. These filters are mainly based on the “air through-blow” dewatering concept, whereby water is displaced by air as it passes through a filter cake. Typically, they are being used to filtration of metallic minerals, industrial minerals, coal and tailings.
Since 2009, Metso has provided the TISCO Yuanjiacun iron ore processing plant with key equipment including a gyratory crusher, three SAG grinding mills and four vibrating screens.
Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 28,500 employees in more than 50 countries. www.metso.com
