Metso secures major contract for key process equipment at Barrick’s Lumwana copper project in Zambia
Metso Corporation’s press release on September 30, 2024, at 11:00 a.m. EEST
Barrick Gold Corporation has awarded Metso a major order for the supply of copper concentrator plant equipment to their Lumwana expansion project in North-Western Province in Zambia. Metso’s scope of delivery includes key equipment for grinding, flotation, thickening, feeding and filtration. The value of the order is approximately EUR 70 million, and it is booked in the Minerals segment’s 2024 third-quarter order intake.
”We are honored to have been selected by Barrick as the strategic partner for this project. The copper concentrate production process in Lumwana has been designed with sustainability and production efficiency in mind, with most of the equipment selected from our Planet Positive offering,” says Markku Teräsvasara, President of the Minerals business area and Deputy CEO of Metso.
Lumwana is a significant contributor in Barrick’s expanding copper portfolio, catering to the rapidly increasing demand for copper required for the energy transition. The project is also elemental in reviving Zambia’s copper industry and contributing to the local economy. The expansion will turn Lumwana into one of the world’s major copper mines, with projected annual production of 240,000 tons of copper per annum.
More information about the Lumwana project, owned 100% by Barrick Gold, is available on Barrick’s website.
Read more about Metso’s offering for minerals and metals processing on our website.
Further information:
Markku Teräsvasara, President, Minerals and Deputy CEO, Metso, tel. +358 20 484 100, email: markku.terasvasara(at)metso.com
Helena Marjaranta, Vice President, Communications and Brand, Metso, tel. +358 20 484 3212, email: helena.marjaranta(at)metso.com
Metso is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. We improve our customers’ energy and water efficiency, increase their productivity, and reduce environmental risks with our product and service expertise. We are the partner for positive change.
Headquartered in Espoo, Finland, Metso employs over 17,000 people in close to 50 countries and sales for 2023 were about EUR 5.4 billion. The company is listed on the Nasdaq Helsinki. Metso.com, x.com/metsoofficial