Metso to invest €20bn in mining projects over next five years

10 April 2014 (Last Updated April 10th, 2014 18:30)

Finland-based technology, automation and services provider Metso has outlined its plans to invest more than €20bn in mining projects over the next five years.

Finland-based technology, automation and services provider Metso has outlined its plans to invest more than €20bn in mining projects over the next five years.

As part of the plans, the company will open new mining service centres in Peru and Mexico, with initial investments worth a total of €6m.

In April, Metso will open its new service centre in Peru's Arequipa, which is set to bolster its mining services in South America, and provide access and direct contact with the biggest mining companies in the area.

Metso has more than 50 global service centres and is building new centres in Mesa, Arizona, US, and in Labrador City in Canada.

"We decided to implement our service centre model in order to offer our best service for Grupo México."

Metso Mining and Construction Pacific Rim market area senior vice-president Aldo Cermenati said that the estimated investment in mining projects from this year to 2018 will exceed €20bn.

"The development of the copper belt in southern Peru, with the new operations, such as Antapaccay, Las Bambas, Constancia, Cerro Verde II, Quellaveco, Toromocho, among others, will boost the demand for Metso's mining services in the region," Cermenati said.

Equipped with new technology, the soon-to-be-opened centre includes local engineering and production, equipment assembly and overhaul, parts recovery, industrial equipment repair and maintenance as well as specialist technical support.

Recently, Metso opened a service centre in Cananea, which supports Grupo México's Buenavista del Cobre mine and other mining operations in the north-west of Mexico.

Metso Mining and Construction Mexico and Central America market area vice-president Leif Lindholm said: "Following the delivery of our comminution equipment for the new Buenavista plant, we decided to implement our service centre model in order to offer our best service for Grupo México."

Energy