Weir Group Share News (WEIR)

(Alliance News) - Weir Group PLC on Monday said it has signed a global collaboration agreement and invested in CiDRA Minerals Processing Inc.

The Glasgow, Scotland-based engineering company said the partnership will speed up the commercialisation of Connecticut-based mining firm CiDRA's P29 technology.

It said the technology introduces "an innovative mineral separation solution" and "unlocks novel flowsheet designs".

Weir said the two companies will work together to leverage the benefits of the technology to help mining companies "meet the challenges of reduced head grades, water restrictions, reduced carbon emissions, and tailings impound safety".

The firms will jointly develop mineral processing flowsheets with the aim of reducing energy and water usage per tonne of metal produced, Weir said.

"We are excited to collaborate with CiDRA, whose track record of innovation aligns strongly with Weir's mission to deliver mining technology for a sustainable future. CiDRA's P29 technology has the potential to unlock enhanced productivity and sustainability for customers and we're pleased to help bring that impact to mines around the world," said Andrew Neilson, president of Weir's Minerals division.

Shares in Weir Group were up 2.2% to 2,450.00 pence in London on Monday morning.

By Michael Hennessey, Alliance News reporter

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