The first call-off order of £26m, which includes both ENDURON® large format
High Pressure Grinding Rolls (HPGR) and wet screens, will be recognised in
Q3 with the remaining orders booked later in 2024 and early 2025.
The Weir Group PLC (Weir), a global mining technology leader, has been awarded a £53m contract to
provide industry-leading energy efficient, sustainable solutions to the Reko Diq copper-gold project, a 50%
owned greenfield development by Barrick Gold Corporation (Barrick). The tier one copper project is located
in the Chagai district of Balochistan and is targeting first production in 2028 with an estimated mine life of
40+ years.
During the first phase of the project, Weir will provide fine grinding, separation and tailings solutions.
Featured equipment includes Weir’s market leading ENDURON® HPGRs, ENDURON® Elite wet and dry
vibrating screens, WARMAN® slurry pumps, and CAVEX® hydrocyclones. Among the equipment to be
provided are Weir’s large format HPGRs – the highest capacity design in the market.
The initial £53m contract award will be recognised in the order book in accordance with a phased call-off
aligned with manufacturing lead times, with £26m recognised immediately and the remaining orders to be
booked in Q4 2024 and Q1 2025. After commissioning of the equipment, aftermarket support will be
provided via an on-site purpose-built service centre staffed with Weir technical personnel.
The receipt of orders associated with the contract award during 2024 does not result in a change to Weir’s
full year 2024 financial guidance as of 30 July 2024.
Commenting on the contract award, Jon Stanton, Chief Executive Officer of Weir said:
“We are delighted to have secured this significant contract which represents further industry acceptance of
Weir’s differentiated sustainable and cost-effective redefined flowsheet solution, with our market leading
HPGR technology particularly suited for the water-scarce climate and geology of the Reko Diq copper-gold
project. Our engineers have designed an innovative solution that comprehensively addresses the particular
challenges of this project and is a great example of working in close partnership with an ambitious customer
who shares in our purpose to sustainably and efficiently deliver the natural resources essential to create a
better future for our world.”
“Barrick is pleased to be partnering with Weir in delivering sustainable mining and processing in the new
mining frontier of Balochistan. The Reko Diq project will grow Barrick’s strategically significant copper and
gold portfolios, benefiting all its Pakistan and Balochistan stakeholders.” said Mark Bristow, Barrick
President and CEO.
Weir awarded £53m redefined flowsheet contract forReko Diq greenfield copper-gold project in Pakistan’sBalochistan Province
