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(Sharecast News) - Mining engineer Weir Group said it had won a £100m order to provide crushing and pump equipment to the Iron Bridge magnetite project in the Pilbara region of Western Australia.
The order will reduce energy consumption and wet tailings waste by more than 30% compared to traditional mining technologies, Weir said in a statement on Friday.
The Iron Bridge project is a $2.6bn investment in magnetite iron ore reserves with annual production, when the mine is fully operational, of 22m wet metric tonnes a year. Delivery of the first ore is expected in 2022.
31 Aug 2021 09:30
UPDATE 2-Financial stocks drag FTSE 100 lower but records best month since April
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Bunzl falls on flagging supply chain disruptions* Blue Prism Group jumps on talks over possible offer* Blue-chip index records best monthly...
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