Mining equipment and services provider Weir Group has won an order worth £100 million (€111.5 million) to provide energy saving solutions to the Iron Bridge Magnetite project in the Pilbara region of Western Australia.
The project, which is a joint venture between Fortescue Metals Group subsidiary FMG Magnetite and Formosa Steel IB, is located 145km south of Port Hedland in Australia.
The order is for a range of Weir crushing and pump equipment, including Enduron High Pressure Grinding Rolls and GEHO pumps. The equipment will reduce energy consumption and wet tailings waste by over 30% compared to traditional mining technologies, according to Weir.
The Iron Bridge project is a $2.6 billion (€2.36 billion) investment in magnetite iron ore reserves. When fully operational, the project is expected to have an annual production capacity of 22 million wet metric tonnes per year. Delivery of the first ore is expected in 2022.
"We are delighted to have secured this landmark contract, which is Weir's largest-ever individual mining order,” commented Jon Stanton, CEO of Weir Group. “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.
“This is a great example of working in close partnership with an ambitious customer who shares our passion for using innovative engineering to make mining more productive and sustainable."
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