Weir Group equipment orders surge as cost-cutting continues Energy Mining specialist Weir Group saw group original equipment orders rise 15 per cent in the quarter, with the first positive original equipment orders growth since the first quarter of last year. The FTSE 100 firm’s cost-cutting programme is progressing at pace, with £19m of cumulative savings brought in so far, it said in a quarterly trading [...]
Weir Group wins £53m Pakistan copper mining tech contract from Barrick Energy Mining specialist Weir Group has won a £53m contract for the Reko Diq copper-gold project, a 50 per cent owned greenfield development by Barrick. Located in Pakistan’s province of Balochistan, the copper project is targeting first production in 2028 with an estimated mine life of over 40 years. During the first phase of the project, [...]
Engineering group Weir sees bright future for mining as 2024 orders tick up Mining Weir Group said it is on track to reduce company costs by £60m and grow operating margin to 20 per cent by 2026.
Weir Group: Mining tech giant buffs lagging sector with strong returns February 29, 2024 The group's positive showing amidst a downturn in the mining sector