The Weir Group, a leading provider of premium mining technology, has won a £95 million order to provide aftermarket components and service to the Iron Bridge magnetite project in Western Australia.
The aftermarket contract follows Weir’s success in winning a £100 million order for original equipment for the Iron Bridge project in 2019, including its Enduron® High Pressure Grinding Rolls (HPGRs) that enable dry processing of ore and use at least 30% less energy than traditional alternatives.
The Iron Bridge magnetite Project is a US$2.6 billion joint venture between Fortescue Metals Group’s subsidiary FMG Magnetite Pty Ltd and Formosa Steel IB Pty Ltd and is located in the Pilbara region, around 145 km south of Port Hedland.
Both the aftermarket order and revenues will be recognised over the 7 year period of the agreement which starts in 2022, in line with the project’s initial production.
Ricardo Garib, President of Weir Minerals, said: “This is another landmark order for Weir. Having helped design an energy and water efficient magnetite processing plant, we are delighted to provide operational support for Iron Bridge from 2022. It is an excellent example of the value that Weir’s innovative engineering and close customer support can create for all our stakeholders and reflects the key role we have to play in making mining operations more sustainable and efficient.”
Weir’s Enduron HPGRs are increasingly replacing conventional mills in comminution (crushing, screening and grinding) circuits. In addition to their energy and water savings they also reduce grinding media consumption, while their wearable components last longer, reducing maintenance costs. Additionally, HPGRs contribute significantly to carbon dioxide emission savings.
Stuart Hayton, Managing Director of Weir Minerals Netherlands, where the Enduron HPGRs are designed and manufactured, commented: “This is an important project for Weir and for the broader mining industry. We know comminution is one of the most energy intensive parts of the mineral process and with our Enduron HPGRs we have a unique ability to offer significant cost, energy and water savings to customers around the world. As the mining industry evolves we are committed to continuing to innovate, reducing miners’ costs and environmental impact.”
This latest contract award means Weir now has more than £200 million of orders from the Iron Bridge Project including its Enduron HPGRs, GEHO® and Warman® pumps, Cavex® Hydrcyclones and Isogate® valves.
To support the project and future growth, Weir will build a new service centre in Port Hedland, Western Australia, thereby providing employment and training opportunities in the area, with a particular emphasis on supporting greater Aboriginal representation in the broader mining workforce.
Read the article online at: https://www.globalminingreview.com/finance-business/01122020/weir-wins-95-million-order-for-australian-magnetite-project/