Stanton salutes Weir engineers for group’s biggest mining order
Jon Stanton: our engineers have been truly innovative
Weir Group, the Glasgow-headquartered engineering company, has been awarded a £100 million order in Australia, its largest ever mining contract.
The deal will see it provide energy saving solutions for the Iron Bridge Magnetite Project, a US$2.6bn joint venture between Fortescue Metals Group in Western Australia.
When the mine is fully operational, of 22 million wet metric tonnes per annum. Delivery of the first ore is expected in 2022.
Weir Group chief executive Jon Stanton described it as a “landmark contract”, adding that Fortescue challenged the firm 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,” he said. “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.”
Weir Group shares were up 1.3% in early trade.