Metso signs $333m equipment delivery agreement

Metso has signed a $333m (€200m) frame agreement with Reko Diq Mining for key process equipment deliveries to the Reko Diq project in Pakistan.

The first order, which consist of crushing and grinding equipment, is valued at close to $166m (€100m) is booked for delivery in Q3 2024.

The crushing and grinding equipment include the Superior™ 6089 MKII gyratory crushers, the Nordberg MP1250 cone crushers and the Premier™ ball mills with 51MW installed power which are equipped with gearless mill drive technology and Metso’s failsafe polymer hydrostatic shoe bearing systems.

Orders for the TankCell™ mechanical flotation cells, high-intensity Concorde Cell™ units, HRT thickeners, Vertimill® and HIGmill™ regrind mills, mill reline equipment, concentrate filters and automation equipment are booked for intake in late 2024 and early 2025.

Metso deputy chief executive and president of the minerals business area Markku Teräsvasara commented on the contract.

“We are excited to work as a strategic partner with Reko Diq Mining in this major greenfield project which will ramp up global copper production required for energy transition,” he said.

“Metso will provide Reko Diq with advanced and sustainable technology for the production of copper and gold concentrates.”

One of the largest undeveloped copper-gold deposits in the world, Reko Diq has an estimated mine line of around 40 years as a truck and shovel open pit operation.

First production is targeted for 2028.