MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


Weir Group forms new alliance on coarse grinding technology

ALN

Weir Group PLC on Tuesday announced a new alliance with Swiss Tower Mills Minerals AG, a firm which develops fine grinding mine products for the industrial minerals sector, saying their combined products will support environmentally sustainable mining.

Under the alliance, Weir will market STM Mineral's vertical stirred grinding mills for coarse grinding applications world-wide and integrate these mills into its own minerals processing flow sheet.

The Glasgow-based engineering company said this will provide customers ‘substantial improvements in throughput and energy efficiency’.

As part of the agreement, STM Mineral has already supplied two vertical test mills to the Weir Minerals HPGR test facility in Venlo, the Netherlands.

‘This new alliance with STM takes things to the next level, offering the mining and minerals industry a proven low energy alternative to traditional high energy consuming tumbling mills. Combining and integrating these energy efficient technologies into a single, optimised flow sheet will deliver significant reductions in energy use, driving down costs and carbon emissions,’ Weir added.

Weir did not disclose the financial details of the new alliance.

Shares in Weir were down 2.1% at 1,454.00 pence on Tuesday morning in London.

Copyright 2022 Alliance News Limited. All Rights Reserved.