Metso has signed a comprehensive frame agreement for key process equipment deliveries to Reko Diq Mining’s greenfield copper-gold project in the province of Balochistan in Pakistan. The gross value of the various orders is EUR 200 million (US$219 million).
“Reko Diq will substantially expand Barrick’s strategically significant copper and gold portfolios and benefit all its Pakistani stakeholders for generations to come. We are pleased to partner with Metso in this project where sustainable concentrate processing is one of the key drivers for plant design and operation,” said Mark Bristow, Barrick president and CEO. Barrick owns 50% of Reko Diq.
The value of the first orders, consisting of crushing and grinding equipment, is close to EUR 100 million, and are booked in the Minerals segment’s Q3 2024 order intake. The scope of delivery includes Superior 6089 MKIII gyratory crushers and Nordberg MP1250 cone crushers as well as Premier ball mills with 51-MW installed power.
Orders for the TankCell mechanical flotation cells and high-intensity Concorde Cell units, HRT thickeners, Vertimill and HIGmill regrind mills, mill reline equipment, concentrate filters and automation equipment included in the frame agreement are expected to be signed and booked in the Minerals segment’s order intake later in 2024 and 2025.
Reko Diq’s first production is targeted for 2028.
Source: Metso