TECHNOLOGY

Outotec wins IBO grinding mill order

Outotec to deliver HIGmill high intensity grinding mills and services to IBO

Staff reporter
The Iron Bridge magnetite project in Australia

The Iron Bridge magnetite project in Australia

IBO is a joint venture between Fortescue Metals Group subsidiary FMG Magnetite and Formosa Steel IB. The order value of approximately €50 million (US$55.7 million) has been booked in Outotec's December 2019 quarter order intake.

Outotec's scope includes the design and delivery of ten advanced HIGmill grinding mills, as well as installation and commissioning and site services to support the customer with site operation and maintenance. The deliveries will take place in 2020 and 2021.

Outotec stated that when complete, the project will produce 22Mt/y of high grade 67% iron magnetite concentrate product and will deliver an energy efficient operation with globally competitive capital intensity and operating costs.

"After extensive evaluation of available technologies and a comprehensive test work programme in collaboration with Fortescue, Outotec HIGmill technology was selected for this industry-first process circuit due to significant benefits in energy savings," said Kimmo Kontola, head of Outotec's minerals processing business.

"Additionally, considering the amount of grinding power required for this project along with Fortescue's objective to reduce the total number of mills required, the HIGmill, with the world's highest available installed power in a compact footprint, was best suited to meet the customer's requirements for this project."

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production