Weir Group wins 'record' 拢100m mining order in Australia
- Published
Scottish engineering firm Weir Group has won a record 拢100m order to provide mining equipment for a major iron ore project in Western Australia.
The deal includes crushing and pump equipment for the Iron Bridge Magnetite Project, based in the Pilbara region.
The Glasgow-based company said it was its largest-ever individual mining order.
The $2.6bn (拢81.3m) Iron Bridge project is a joint venture between Fortescue Metals Group and Formosa Steel IB Pty.
Weir said the order would cut the project's energy consumption and waste by more than 30%, compared with traditional mining technologies.
First ore is expected to be delivered in 2022.
'Worked relentlessly'
Weir Group chief executive Jon Stanton described it as a "landmark contract".
He said: "Fortescue challenged us to help create one of the most energy and cost-efficient magnetite ore processing facilities in the world.
"Our engineers have worked relentlessly to design a solution that is truly innovative - delivering significant energy, water and cost savings."
Earlier this year, Weir sold its flow control arm to a private equity investment firm in order to focus on mining and upstream oil and gas markets.
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