(Alliance News) - Weir Group PLC on Tuesday announced a new alliance with Swiss Tower Mills Minerals AG, a firm which develops fine grinding mine products for the industrial minerals sector, saying their combined products will support environmentally sustainable mining.
Under the alliance, Weir will market STM Mineral's vertical stirred grinding mills for coarse grinding applications world-wide and integrate these mills into its own minerals processing flow sheet.
The Glasgow-based engineering company said this will provide customers "substantial improvements in throughput and energy efficiency".
As part of the agreement, STM Mineral has already supplied two vertical test mills to the Weir Minerals HPGR test facility in Venlo, the Netherlands.
"This new alliance with STM takes things to the next level, offering the mining and minerals industry a proven low energy alternative to traditional high energy consuming tumbling mills. Combining and integrating these energy efficient technologies into a single, optimised flow sheet will deliver significant reductions in energy use, driving down costs and carbon emissions," Weir added.
Weir did not disclose the financial details of the new alliance.
Shares in Weir were down 2.1% at 1,454.00 pence on Tuesday morning in London.
By Heather Rydings; heatherrydings@alliancenews.com
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