As part of its energy-saving comminution technology development efforts, Metso has signed an agreement to acquire its long-term partner Swiss Tower Mills Minerals AG (STM). Previously, Metso had a 15% minority ownership in the company. The parties have agreed not to disclose the transaction value. Metso decided to exercise its right of first refusal following the divestment decision of STM’s…
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Weir, STM Minerals fast-tracking sustainability
Weir Group has established an alliance with Swiss Tower Mills Minerals (STM), under which the latter’s vertical stirred grinding mills will be marketed for coarse grinding applications globally. Weir said the partnership will integrate the vertical stirred grinding mills into Weir’s own minerals processing flow sheet, giving customers throughput improvements and energy efficiency, helping them to meet goals for productivity…
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