Engineering & Mining Journal

MAY 2019

Engineering and Mining Journal - Whether the market is copper, gold, nickel, iron ore, lead/zinc, PGM, diamonds or other commodities, E&MJ takes the lead in projecting trends, following development and reporting on the most efficient operating pr

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Page 43 of 83

BAUMA 2019 HIGHLIGHTS 42 E&MJ • MAY 2019 The mining business area accounts for around half of Metso's overall sales, followed by aggregates, recycling and process industries (oil and gas). This was the core focus of Vauramo's presentation. He began by saying that Metso booked €3.8 billion of orders in 2018, a number that represents 17%-18% growth compared to 2017. In partic- ular, its Q4 sales jumped by 35%; a trend that Vauramo attributed to in- creased metal consumption globally, driven by megatrends such as urbaniza- tion, digitalization and electrification. As a result, the company experienced a 12% growth in EBITDA last year and improved its profitability. "2018 was a very active year. There's no slow down so far," he added. China and India are key markets for growth going forward, and expanding Metso's supply chain and R&D capabil- ities in these markets are important to Vauramo and his team. He explained that Metso recently invested in a new man- ufacturing facility in India for screens and pumps destined mainly for the ag- gregates market, and the Metso Miner- als China Competence Centre opened its doors in September 2018. The latter is Metso's first R&D unit focused on local solutions for the Chinese market; an in- vestment that signifies the weight of the company's intention in this space. Vauramo was also keen to talk about sustainability and the role Metso's solu- tions can play in this area. "Every company needs to look at its impact on the planet and what it can do about it," he stated. Having come from the airline indus- try, Vauramo chose this for comparison when explaining the Vertimill's achieve- ment in reducing CO 2 emissions: the company estimates that use of the Ver- timill, which utilizes a vertical design to reduce its energy consumption during comminution, enabled mines to save 652,000 tons of CO 2 during 2018. This figure equates to around 20% of what a small airline generates in one year. Having spoken to a number of Vau- ramo's colleagues, it is clear that the new CEO is a big supporter of R&D. Metso has doubled its R&D spend for aggregates products over the past year, and Vauramo said he had similar plans to boost investment in the mining busi- ness area. Digitalization will be a big focus in this respect. On his return from bauma, Vauramo presented Metso's January-March 2019 interim results to investors on April 25, and on April 29, Metso announced it had won an order to deliver two MTBs to Boliden's Aitik mine in Gällivare, Swe- den. The company will also be kitting out a further five Aitik haul trucks with rubber bed liners. "Metso and Boliden have been work- ing together for several years to find solutions to improve the efficiency, convenience and working environment of the hauling process at Aitik," said Lars-Erik Bergman, Metso's sales man- ager for Northern Sweden. "The intro- duction of the Metso Truck Body is an- other milestone on this journey." Judging by the positive numbers in Vauramo's presentation and some of the other mining equipment orders Metso has bagged recently, it looks like there is no stopping the Finnish powerhouse this year.

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