Weir Wins Major Contract for Reko Diq Copper-Gold Project in Pakistan

The Weir Group PLC (Weir), a leading global player in mining technology, has secured a significant £53 million contract to supply advanced, energy-efficient, and sustainable solutions for the Reko Diq copper-gold project. This greenfield development is jointly owned by Barrick Gold Corporation (Barrick), holding a 50% stake. Situated in the Chagai district of Balochistan, the tier-one copper project is expected to commence production in 2028 and has an anticipated operational lifespan exceeding 40 years. Weir’s involvement will support the project’s goals of enhancing sustainability and operational efficiency throughout its extensive lifecycle.

In the initial phase of the Reko Diq project, Weir will deliver key solutions for fine grinding, separation, and tailings management. This includes the provision of advanced equipment such as Weir’s renowned ENDURON® HPGRs (High-Pressure Grinding Rolls), ENDURON® Elite wet and dry vibrating screens, WARMAN® slurry pumps, and CAVEX® hydrocyclones. Notably, Weir will supply large-format HPGRs, which are the highest capacity models available in the market. These technologies are designed to enhance the efficiency and sustainability of the project’s operations, ensuring optimal performance throughout its lifecycle.

The initial £53 million contract will be recorded in the order book based on a phased call-off schedule, aligning with manufacturing lead times. £26 million will be recognized immediately, while the remaining orders are set to be booked in Q4 2024 and Q1 2025. Following the commissioning of the equipment, Weir will offer ongoing support through a dedicated, on-site service center. This facility will be staffed with Weir’s technical experts, ensuring comprehensive aftermarket service and maintenance to support the project’s long-term operational success.

Jon Stanton, CEO of Weir, expressed enthusiasm about securing a significant contract, which highlights the industry's growing acceptance of Weir’s innovative, sustainable, and cost-effective redefined flowsheet solution. He noted that Weir’s leading HPGR (High Pressure Grinding Rolls) technology is especially suited to the water-scarce climate and geology of the Reko Diq copper-gold project. Stanton emphasized that the tailored solution addresses the project's specific challenges and showcases the successful partnership with a forward-thinking customer committed to sustainably and efficiently harnessing natural resources for a better future.

Mark Bristow, President and CEO of Barrick, expressed enthusiasm about the partnership with Weir, emphasizing its role in advancing sustainable mining and processing in Balochistan. He highlighted that the Reko Diq project will significantly enhance Barrick's copper and gold portfolios, providing substantial benefits to stakeholders across Pakistan and Balochistan. Bristow underscored the strategic importance of the project and its alignment with Barrick's commitment to responsible and impactful resource development.