(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.
Weir Group (WEIR)25 Apr 2024 10:03
Weir Group to meet annual expectations as quarterly output ticks up
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