Latest news with #Metso
Yahoo
02-07-2025
- Business
- Yahoo
Metso secures $23m equipment order for Twin Hills gold project in Namibia
Osino Resources, an exploration and development company in Namibia, has awarded Metso an order for the delivery of key process equipment for its Twin Hills gold project. Located 150km northwest of Windhoek within the Damara Orogenic Belt, the project is currently in the development stage. The total value of the order exceeds €20m ($23.5m) and is booked in the second quarter orders of Metso's minerals segment. Metso will supply an integrated equipment package comprising advanced crushing and concentration technology for the Twin Hills greenfield gold plant. The high-throughput crushing circuit is designed for efficient ore processing and features a Superior MKIII primary gyratory crusher, apron feeders and Nordberg HP900 cone crushers. Metso will also supply two HRT high-rate thickeners equipped with Reactorwell feed technology and five Larox FFP3512 filters for concentrate thickening and tailings dewatering. These thickeners and filters are part of the Metso Plus portfolio, which is known for its high performance and dewatering capacity. Metso minerals sales Africa vice-president Charles Ntsele stated: 'As a leading supplier of process technology globally, Metso is pleased to be selected as a trusted partner for Osino Resources' flagship Twin Hills gold project in Namibia. 'Our energy-efficient and water-conscious technology will support Osino Resources in reaching their targets. This project also highlights Metso's commitment to continued support and development of the Namibian mining industry.' In June 2023, Osino announced a definitive feasibility study for the Twin Hills project, which is based on 2.94 million ounces (moz) reserves. The study outlines a 13-year open-pit mine with an average annual production of 160,000oz at an all-in sustaining cost of $1,000/oz. The Twin Hills project benefits from a straightforward executable design, significant growth potential and proximity to essential infrastructure. In June 2025, Metso signed a three-year agreement with BHP to supply metallic liners for the company's Western Australia iron ore operations. "Metso secures $23m equipment order for Twin Hills gold project in Namibia" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
Metso signs three-year agreement with BHP to provide metallic liners
Metso has signed a three-year agreement for the supply of metallic liners for chute solutions to BHP, specifically for its Western Australia iron ore (WAIO) operations. The value of the agreement has not been disclosed. This contract will see Metso provide a suite of liner solutions, including its XAlloy metallic and cast wear liners. The company offers a comprehensive range of protective chute lining solutions tailored to meet challenging customer requirements. Metso's lining solutions are recognised for their ability to minimise downtime while maximising throughput and productivity. Metso chute and conveyor solutions director Tobias Krull said: 'We are strongly focused on delivering better overall efficiency and productivity for our customer operations. With our extensive offering in chute liner designs, backed by decades of experience and innovation, we can deliver greater uptime and safer, quicker maintenance for our customers. 'This contract further solidifies Metso's position as a trusted solutions provider within the mining industry.' Metso has a strong history of providing tailored chute wear lining solutions for diverse mining applications, prioritising safety, performance, and longevity. For instance, the Xalloy wear linings are produced using advanced welding technology to bond a high-alloy chromium carbide-based material to a mild steel backing plate. In addition to its customised solutions, Metso has a strong manufacturing presence in Australia, which includes advanced foundry operations and specialised production of rubber and Poly-Met materials. Furthermore, the company has a considerable network of service centres across Australia. In March, Metso launched the Cu POX leaching solution, a hydrometallurgical process designed to improve the efficiency of copper sulphide leaching and promote environmental sustainability. The Cu POX leaching solution also addresses the challenges associated with changing ore compositions and the depletion of mineral deposits. "Metso signs three-year agreement with BHP to provide metallic liners" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Zawya
18-06-2025
- Business
- Zawya
New iron ore concentrator project in Oman advances
MUSCAT - The development of a greenfield iron ore concentrator plant is gaining momentum at Sohar Port and Freezone, with international companies announcing key contracts for the supply of critical equipment and project management services. A joint investment of approximately $627 million is being made in the Sohar Concentrator Plant by Brazil-based global mining conglomerate Vale and leading Chinese steelmaker Jinnan Iron & Steel Group. First unveiled last October, the state-of-the-art facility will produce high-quality iron ore concentrate for the manufacture of pellets and briquettes—crucial feedstock for the production of low-carbon steel via the Direct Reduction (DR) route. The concentrator plant will process 18 million tonnes of low-grade iron ore annually, yielding 12.6 million tonnes of high-grade concentrate. Vale has committed $227 million to connect the new plant to its existing pelletisation facility in Sohar, while Jinnan will invest approximately $400 million to build, own, and operate the plant. On Tuesday, Finnish industrial machinery manufacturer Metso Corporation announced it had signed an agreement to supply core process equipment for the project. The contract includes the delivery of heavy-duty grinding machinery with a total installed capacity of 25 MW, large slurry pumps, and mill discharge pumps. Commenting on the agreement, Piia Karhu, President of the Minerals business at Metso, said: 'This project marks Jinnan's first venture in Oman, a country rich in diverse mineral resources and with a strategic vision to develop its mining sector as part of broader economic diversification efforts. As a leading supplier of process technology and services for concentrator plants worldwide, Metso is pleased to partner with Jinnan Iron & Steel Group on this greenfield initiative.' Earlier, Chinese media reported that MCC Changtian International Engineering Company, a subsidiary of China Metallurgical Group Corporation (MCC Group), had been awarded a general contracting and project management contract by Jinnan Iron & Steel for the Sohar facility. MCC Changtian's scope also includes development of a supporting stockyard, long-distance slurry transport systems, and a dry tailings stacking system. MCC Changtian is a leading Chinese engineering, procurement, and construction (EPC) company specializing in metallurgical and infrastructure projects. Once operational by mid-2027, the concentrator is expected to establish Oman as a key global supplier of DR-grade iron ore. Joint venture partner Vale has indicated it intends to replicate this investment model across its proposed Mega Hubs in other locations, including Saudi Arabia, the United Arab Emirates, Brazil, and the United States. Under this model, Vale will construct and operate ore concentration and briquetting plants, while local partners develop the required logistics infrastructure. Metso is well-established as a supplier of mineral processing equipment for Oman's industrial and mining sectors. Earlier this year, the Finnish firm signed an agreement with Mazoon Mining, a wholly owned subsidiary of Minerals Development Oman (MDO), to supply key process equipment worth $30 million for its copper concentrator plant located in Yanqul. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Observer
17-06-2025
- Business
- Observer
New iron ore concentrator project in Oman advances
MUSCAT, JUNE 17 The development of a greenfield iron ore concentrator plant is gaining momentum at Sohar Port and Freezone, with international companies announcing key contracts for the supply of critical equipment and project management services. A joint investment of approximately $627 million is being made in the Sohar Concentrator Plant by Brazil-based global mining conglomerate Vale and leading Chinese steelmaker Jinnan Iron & Steel Group. First unveiled last October, the state-of-the-art facility will produce high-quality iron ore concentrate for the manufacture of pellets and briquettes—crucial feedstock for the production of low-carbon steel via the Direct Reduction (DR) route. The concentrator plant will process 18 million tonnes of low-grade iron ore annually, yielding 12.6 million tonnes of high-grade concentrate. Vale has committed $227 million to connect the new plant to its existing pelletisation facility in Sohar, while Jinnan will invest approximately $400 million to build, own, and operate the plant. On Tuesday, Finnish industrial machinery manufacturer Metso Corporation announced it had signed an agreement to supply core process equipment for the project. The contract includes the delivery of heavy-duty grinding machinery with a total installed capacity of 25 MW, large slurry pumps, and mill discharge pumps. Commenting on the agreement, Piia Karhu, President of the Minerals business at Metso, said: 'This project marks Jinnan's first venture in Oman, a country rich in diverse mineral resources and with a strategic vision to develop its mining sector as part of broader economic diversification efforts. As a leading supplier of process technology and services for concentrator plants worldwide, Metso is pleased to partner with Jinnan Iron & Steel Group on this greenfield initiative.' Earlier, Chinese media reported that MCC Changtian International Engineering Company, a subsidiary of China Metallurgical Group Corporation (MCC Group), had been awarded a general contracting and project management contract by Jinnan Iron & Steel for the Sohar facility. MCC Changtian's scope also includes development of a supporting stockyard, long-distance slurry transport systems, and a dry tailings stacking system. MCC Changtian is a leading Chinese engineering, procurement, and construction (EPC) company specializing in metallurgical and infrastructure projects. Once operational by mid-2027, the concentrator is expected to establish Oman as a key global supplier of DR-grade iron ore. Joint venture partner Vale has indicated it intends to replicate this investment model across its proposed Mega Hubs in other locations, including Saudi Arabia, the United Arab Emirates, Brazil, and the United States. Under this model, Vale will construct and operate ore concentration and briquetting plants, while local partners develop the required logistics infrastructure. Metso is well-established as a supplier of mineral processing equipment for Oman's industrial and mining sectors. Earlier this year, the Finnish firm signed an agreement with Mazoon Mining, a wholly owned subsidiary of Minerals Development Oman (MDO), to supply key process equipment worth $30 million for its copper concentrator plant located in Yanqul.
Yahoo
26-05-2025
- Business
- Yahoo
Mining Conveyor System Market - Global Forecast to 2032: Top Firms like ABB and TAKRAF Propel Gearless Conveyor Deployment through Strategic Partnerships
The mining conveyor system market is set to expand from USD 351.7 million in 2025 to USD 359.4 million by 2032, with a CAGR of 0.3%. Growth is driven by technological advancements like automation and energy-efficient components, alongside rising mineral demand. Gearless drives are poised to lead with higher CAGR due to efficiency and low maintenance. Overland conveyors will hold substantial market share, boosting sustainability and reducing costs in mining operations. Key players include FLSmidth, Continental AG, Metso, ABB, and BEUMER Group. With China's prominence in the Asia Oceania market, the industry's focus is on automation and modernization. Mining Conveyor System Market Dublin, May 26, 2025 (GLOBE NEWSWIRE) -- The "Mining Conveyor System Market by Conveyor Type (Belt, Cable/Steel Cord, Bucket & Side Wall), Service Type (In-pit, In-plant, Overland, Pipe), Application (Open-pit, Underground), Drive Type (Geared, Gearless), & Region - Global Forecast to 2032" has been added to offering. The mining conveyor system market is anticipated to increase from USD 351.7 million in 2025 to USD 359.4 million by 2032, with a CAGR of 0.3%. This growth is driven by technological innovations and an escalating demand for minerals. Advancements in automation, remote monitoring, and energy-efficient components are enhancing efficiency and safety while reducing costs. The push for clean energy, electric vehicles, and infrastructure growth is further accelerating the demand for vital minerals like lithium, copper, and rare earth Drive Systems to Outpace Geared DrivesGearless drive conveyor systems are expected to register a higher CAGR compared to geared systems during the forecast period. They offer significant advantages in energy efficiency, reduced maintenance, and reliability in harsh environments. By eliminating mechanical components such as gearboxes, gearless drives reduce the risk of breakdowns and operational costs. Leading companies such as ABB (Switzerland), TAKRAF GmbH (Germany), Innomotics (Germany), and Siemens (Germany) are key providers of these systems. A notable development in March 2024 saw TAKRAF GmbH and ABB enhance their partnership to broaden the use of Gearless Conveyor Drive (GCD) technology in TAKRAF's handling Role of Overland ConveyorsOverland conveyors maintain a substantial market share due to their ability to transport bulk materials over extensive distances efficiently. They offer lower operational costs and environmental impact than traditional truck haulage, making them suitable for large mining operations. These systems are crucial for transporting materials from remote sites to processing facilities while minimizing fuel use and emissions. In March 2025, Rio Tinto (UK) announced a USD 1.8 billion investment for the Brockman mine extension, including a new overland conveyor system, slated for completion in Leads the Market in Asia OceaniaChina is projected to be the largest market in Asia Oceania due to vast mining activities and industrial initiatives like the Made in China 2025 plan, fostering increased adoption of conveyor technologies. The expansion of mining capacities for coal and rare-earth minerals boosts the demand for efficient systems. Leading Chinese companies, including China Shenhua Energy Co., Ltd. and Yanzhou Coal Mining Company Limited, are heavily investing in advanced conveyor technologies, driven by stringent environmental regulations and automation Market AnalysisThis research categorizes the mining conveyor system market by conveyor type, service type, application, drive type, and region. It provides insights into major factors driving and restraining market growth, offering a competitive analysis of key industry players. The report also highlights product innovation, market development, and diversification in the mining conveyor system to Buy the ReportThis report offers essential insights for market leaders and new entrants, providing close approximations of revenue data for the mining conveyor system market and its segments. Stakeholders can leverage this information to understand the competitive landscape and devise effective strategies. The report covers key market drivers, restraints, opportunities, and challenges. Analysis of market drivers (increased mineral demand, mining activity expansion) and restraints (high installation costs). Insights on product development and emerging technologies in the conveyor system market. Information on market diversification and lucrative regions for mining conveyor systems. Competitive assessments of major players like FLSmidth A/S (Denmark), Continental AG (Germany), and ABB (Switzerland). Key Attributes: Report Attribute Details No. of Pages 247 Forecast Period 2025 - 2032 Estimated Market Value (USD) in 2025 $351.7 Million Forecasted Market Value (USD) by 2032 $359.4 Million Compound Annual Growth Rate 0.3% Regions Covered Global Market Dynamics Drivers Rising Demand For Minerals and Metals Expansion of Mining Activities Growth in Open-Pit Mining Restraints High Installation Cost Opportunities Rising Demand For Automation Development of Green Conveyor Systems Challenges Maintenance and Downtime Risks Trends and Disruptions Impacting Customer Business Ecosystem Analysis Supply Chain Analysis Pricing Analysis Average Selling Price, by Conveyor Type Average Selling Price Trend, by Region Patent Analysis Impact of Generative AI Case Study Analysis Siemens Implemented Advanced Gearless Conveyor Drive System To Improve Reliability and Uptime Flsmidth Developed Pipe Conveyor System To Achieve Sustainable and Efficient Ore Transport Process Thyssenkrupp Installed Overland Conveyor System To Ensure Efficient, Long-Distance Coal Transportation US 2025 Tariff Analysis Introduction Key Tariff Rates Conveyor System Components: Pre- and Post-Tariff Cost Analysis Impact on Country/Region US Europe Asia Pacific (India and Southeast Asia) Impact on Mining Industry Investment & Funding Scenario Technology Analysis Key Technologies Radiofrequency Identification Proximity Sensors Complementary Technologies Artificial Intelligence (AI) and Machine Learning (ML) Augmented Reality (AR) Adjacent Technologies Internet of Things (IoT) HS Codes Import Scenario Export Scenario Regulatory Landscape Regulations, by Country Regulatory Bodies, Government Agencies, and Other Organizations Key Conferences & Events, 2025-2026 Key Stakeholders and Buying Criteria Key Stakeholders in Buying Process Buying Criteria Company Profiles Flsmidth a/S Continental Ag Metso Abb Beumer Group Nepean Shandong Mining Machinery Group Co., Ltd Herrenknecht Ag Fenner Dunlop Australia Pty Ltd. Takraf Gmbh West River Conveyors Terra Nova Technologies, Inc. Semperit Ag Holding Bando Chemical Industries, Ltd. Feeco International, Inc. Ske Industries Dura Conveyor Belting Pvt. Ltd. Sanwei Holding Group Co., Ltd Miletech Conveyor Belt Hebei Joyroll Conveyor Machinery Co., Ltd. Shandong Land Bridge Rubber Co., Ltd. Thejo Australia Dmc Conveyor Services Quarry Mining Llc Btl Epc Ltd. Allor Manufacturing/Plesh Industries Nextore Conveyor Manufacturers Australia For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Mining Conveyor System Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
