Tag Archives: Mikko Keto

FLSmidth to supply Sabina Gold & Silver with full flowsheet offering at Goose gold mine

FLSmidth says it has been chosen to supply the full equipment and processing flowsheet, including ore leaching, for Sabina Gold & Silver Corp’s Goose gold mine in the West Kitikmeot region of Nunavut, Canada.

The order is valued at approximately DKK270 million ($38.1 million) and was booked in the June quarter of 2022. The equipment is due to be delivered in the middle of 2023, ahead of the mine start-up date in the March quarter of 2025.

FLSmidth will supply the jaw crusher, Raptor® Cone Crushers, ball mill, VXP-Stirred Mill (secondary grinding) and KREBS® cyclones, pumps as well as screens, feeders and Knelson™ gravity concentrators. The order also includes equipment for pre-oxidation and leaching; carbon in pulp (CIP) extraction; absorption, desorption and refining (ADR); and detoxification.

In addition, Sabina is progressing contract negotiations with FLSmidth for commissioning support, operational readiness, site training, an optimised spare management strategy, as well as a performance guarantee for the process equipment.

“We are very happy to receive this complete flowsheet order from Sabina’s Goose Mine, the first mine on the Back River Gold District,” Mikko Keto, Group CEO and Mining President at FLSmidth, said. “Our proven ability in providing an industry-leading and productivity maximising gold flowsheet, combined with our capability to supply services and parts to this remote region throughout the lifecycle of the project were key factors in Sabina’s decision. This is also one of many recent orders we have received to supply the key equipment, technologies and services for gold processing plants, showing the recognition among miners of our leading position in this arena.”

Bruce McLeod, President and CEO of Sabina, said: “We are pleased to have these critical technologies procured with a vendor that has a proven track record for providing equipment and support to remote projects around the world. We look forward to receiving this equipment for installation over the next two years and to working with FLSmidth as we advance to become a mid-tier gold producer.”

FLSmidth to supply mineral processing equipment to Josemaria Resources’ copper-gold project

FLSmidth has been chosen to supply the SAG mills, ball mills and cyclones to Josemaria Resources’ 150,000 t/d copper-gold project in the San Juan Province of Argentina.

Approximately DKK110 million ($16.3 million) of the DKK600 million order was booked in the December quarter, with the remaining amount, around DKK490 million, booked in the March quarter of 2022.

FLSmidth will deliver the three gearless SAG mills, three gearless ball mills and cyclones to the site by late-2023. The OEM was chosen to deliver the equipment due to the high reliability and efficient performance of our SAG and ball mill technologies, it said.

The Josemaria open-pit mine is a high-grade copper-gold porphyry project. It is located in Argentina, some 450 km from San Juan, in an important and emerging copper mining district. It has an anticipated mine life of 19 years.

Lundin Mining is currently in the process of trying to acquire Josemaria Resources in a deal that came with an implied equity value of approximately $485 million.

Mikko Keto, Group CEO and Mining President at FLSmidth, said: “The order of SAG mills, ball mills and cyclones to the Josemaria Resources copper-gold project in Argentina is very positive news for FLSmidth. It illustrates great confidence in FLSmidth and emphasises the proven performance and productivity of our high-end solutions. The efficiency of the equipment will meet our customer promise to deliver sustainable productivity to the copper and gold mining industry.”

FLSmidth set to showcase lithium engineering expertise at ioneer’s Rhyolite Ridge

ioneer Ltd has awarded a major engineering and equipment supply contract to FLSmidth for the development of the Rhyolite Ridge lithium-boron project in Nevada, USA.

The contract has been awarded on a limited notice to proceed (LNTP) basis, with the supply of the equipment packages being conditional on a final investment decision on the project by ioneer’s Board of Directors.

Under the contract, FLSmidth has commenced work on product engineering for the equipment packages, which include crushing and material handling equipment, plus lithium carbonate and boric acid dryers.

FLSmidth, Ioneer says, has significant experience in providing technology, equipment, engineering and services expertise to the battery minerals sector. It has a strong US presence and is committed to improving project efficiency while reducing environmental impacts on site.

FLSmidth has also introduced ioneer to Denmark’s Export Credit Agency (EKF) regarding potential financing options.

ioneer Managing Director, Bernard Rowe, said: “The contract with FLSmidth is one of the more significant supply packages we will award at Rhyolite Ridge and represents another step in the development of the project.

“FLSmidth is focused on providing environmentally sound engineering and technology solutions. This aligns with ioneer’s ambition to not only produce materials necessary for electric vehicles and renewable energy infrastructure, but to do so in an efficient and environmentally responsible manner through lowered emissions, significantly reduced water usage and a small surface footprint.”

FLSmidth Mining President, Mikko Keto, said: “This contract provides clear recognition of our experience, know-how, and world-class technologies for processing lithium. It is also important to note that our localised approach and strength in service and aftermarket were important factors for ioneer when it came to choosing a partner.”

The lithium and boron resource at Rhyolite Ridge is estimated at 146.5 Mt, including a reserve of 60 Mt. The company expects to mine and process 63.8 Mt over the 26-year mine life at an average annual rate of 2.5 Mt/y. This will see it produce, on average, 22,340 t of lithium carbonate (99% purity) (years 1 to 3), 21,951 t of lithium hydroxide (99.5% purity) (year four onward) and 174,378 t boric acid (life of quarry).

FLSmidth to provide process engineering input for Keliber’s lithium project

Keliber says it has appointed FLSmidth to provide process engineering services at its Päiväneva concentrator plant in Finland.

The two parties have reportedly agreed on the provision of process, layout and mechanical engineering services at the concentrator.

Hannu Hautala, CEO of Keliber, said: “We have chosen a partner with considerable experience in the mining industry, including lithium production. Our goal is to build a world-class plant that utilises the best available technology, which means safe, environmentally friendly and cost-optimised production.”

Mikko Keto, Mining President at FLSmidth, added: “We are delighted to receive this process engineering order from Keliber. It is a strong proof point of our know-how in the lithium arena, where we have been a leading provider of high-performing equipment, solutions and expertise for well over 20 years. We now look forward to this next step of designing an efficient, world class, concentrator flowsheet, in line with our MissionZero program.”

The award of the contract regarding the concentrator plant continues Keliber’s cooperation with FLSmidth, which will soon also see the completion of the basic engineering of high temperature conversion rotary kiln technology at Keliber’s chemical plant, located in Kokkola.

The concentrator will be built in the Päiväneva area of Finland, which is located on the border of the municipalities of Kaustinen and Kruunupyy, and within the immediate vicinity of Keliber’s lithium deposits. At the concentrator plant, ore will be processed into spodumene concentrate, which will then be transported to the chemical plant in Kokkola, where it will be further processed into lithium hydroxide.

FLSmidth to take on productivity improvement challenge at Middle East phosphate op

FLSmidth says it has been chosen as the technical partner and the supplier of key equipment for the productivity improvement project at a phosphate beneficiation plant in the Middle East.

The order, valued at approximately DKK200 million ($32 million), was booked in March. It will focus on improving the overall plant production through improved plant availability and throughput, according to the company. The operation will also achieve an associated reduction in water consumption resulting from a modified desliming circuit, FLSmidth added.

The agreement includes the engineering and procurement of all equipment associated with the productivity improvement projects, including crushing, material handling and desliming circuits.

Mikko Keto, Mining President at FLSmidth, said: “Boosting customer productivity is a key objective and this combination of equipment and know-how will enable us to deliver this to the customer. As the full technology and engineering partner, we will not only supply the complete range of process-critical equipment but we can also support its integration across the project, ensuring maximised productivity improvement.”

FLSmidth is to deliver engineering, procurement and technical support services and supply all tagged equipment associated with the remedial projects at the site. This encompasses additional capacity in the fine ore circuit; a new cone crushing station; a new desliming circuit; a new concentrate bypass circuit; and optimisation of the existing flotation circuit, including installation of nextSTEP™ flotation technology.

FLSmidth expands Central Asia presence with new Service Supercenter

FLSmidth has opened a new Service Supercenter in Karagandy, Kazakhstan, which, it says, will help meet high demand for service and technical support in Kazakhstan and Central Asia.

The 5,200 m² space will focus on the efficient delivery of mining equipment, component maintenance and facilitate rapid on-site service and 24/7 local support, according to FLSmidth.

It includes a 2,500 m² warehouse and a 1,200 m² workshop, as well as a customer service office, customer training centre and other support facilities. The Supercenter holds a range of inventory and a strategic range of lab equipment and spare and wear parts.

The centre has a primary emphasis on supplying solutions that extend an asset’s lifecycle, such as: repairs and rebuilds; equipment and component upgrades; parts and consumables strategic stocking programs; technical assistance; and customised service packages.

“The centre ensures customers receive the knowhow to optimise their operations, as well as support when it comes to inspections, process audits and technical issues,” the company says.

Mikko Keto, Mining President at FLSmidth, explained: “The main concept of the Supercenter is to get closer to our mining and cement customers across Kazakhstan and Central Asia and support them with the best solutions, fast access to spare and wear parts, and, of course, local knowhow and expertise. This move supports FLSmidth’s ever-growing focus on customer service and aftermarket.”

Sergey Gorbunov, Managing Director for Kazakhstan and Central Asia, added: “Our large regional installed base will be well served by this new Supercenter. It will allow us to work side by side with customers to better understand and solve their challenges – and to deliver sustainable productivity solutions to their operations.

“Customers can expect world-class on-site service, indoor repairs and refurbishment, exchange programs, lab testing, training and excellent spare part support. The Supercenter ensures 24/7 local support for on-site services such as installation, commissioning, maintenance support, shutdowns and turnkey solutions.”

Mikko Keto to head up FLSmidth’s mining division

Mikko Keto is set to join FLSmidth as President, Mining Industry, less than two weeks after leaving his post as President of Minerals Services and Pumps at Metso.

Keto, who will embark on his new role from early July 2020, will also become a member of the Group Executive Management team at FLSmidth. The appointment follows current President, Mining Industry, Manfred Schaffer’s decision to retire in 2020.

Keto worked for Metso for 10 years, the last two of which he headed up the Minerals Services and Pumps business area, where he delivered growth in services along with profitability improvement, FLSmidth said. He also served as a member of the company’s Executive Team.

His prior roles for Metso include Senior Vice President, Spare Parts, Senior Vice President of Performance Services business line, President of Automation Services, Vice President of Flow Control Services, and various line management positions. Before joining Metso, he was Head of Sales for the Maintenance business unit at KONE Corp and held senior management and sales positions at Nokia Networks, with assignments in multiple countries.

FLSmidth CEO, Thomas Schulz, said: “Mikko Keto will lead the FLSmidth Mining organisation in capturing profitable business opportunities. He comes with an extensive experience in Service Line Management, Spare Parts and lifecycle offerings. He brings a strong commitment to customer partnerships, and believes strongly in delivering significant enhancements in performance, sustainability and asset optimisation.”

Keto said: “I am excited to join FLSmidth and help drive profitable growth in the mining business and further develop FLSmidth’s portfolio of solutions towards zero emissions. FLSmidth has close to 140 years’ experience, excellent technologies and outstanding competencies in its global workforce.”

On the retirement of Manfred Schaffer, Schulz said: “Since joining FLSmidth in 2014, Manfred Schaffer helped navigate an extended mining industry downturn and led the mining organisation through the transition to a new way of working. In the face of market headwinds, Manfred travelled extensively in order to meet with as many customers as possible and support sales opportunities. I am very thankful for Manfred’s strong contribution to our mining business over the last five years.”

Metso switches up pumps and mineral services heads following Keto’s departure

Metso has made changes to its minerals services and pumps business areas after Mikko Keto, President of the two segments, terminated his employment with the company.

Giuseppe Campanelli has been appointed President of the Minerals Services business area and a member of Metso’s Executive Team from January 2 onwards. Previously he has been a member of the Minerals Services business area management team heading Professional Services, according to Metso.

Kalle Sipilä has been appointed President of the Pumps business area and a member of Metso’s Executive Team, also from January 2. Sipilä was previously in charge of the Pumps business area (from an operational point of view) in addition to his role as head of Finance and Business Control of the Minerals Services business area.

Metso’s President and CEO, Pekka Vauramo, said: “I want to congratulate Giuseppe and Kalle for their appointments and wish them welcome in the Executive Team. At the same time, I want to thank Mikko for successfully driving profitable growth while heading the Minerals Services business area.”

Metso is currently going through the process of merging with Outotec in a transaction that will create a major mineral processing powerhouse.

Metso expands Latin America offering with HighService Service

Metso has completed its acquisition of HighService Service, the service division of the Chilean mining engineering, construction and technology company HighService Corp, adding around 1,000 employees to its expanding Latin America operations.

The acquisition was announced in January and was approved by the Chilean competition authority in March.

Mikko Keto, President of Metso’s Minerals Services and Pumps business areas, said: “This acquisition expands our service offering in the Chilean and Pacific Rim mining markets and supports Metso’s growth strategy. It brings us more service experts to support our customers in the region and we are happy to welcome our new colleagues to Metso.”

Just a few weeks ago, Metso was awarded a contract to supply crushing and material handling equipment for the first stage of Codelco’s El Teniente copper mine expansion project in central Chile.

HighService Service offers its customers a variety of services from maintenance to commissioning and remote monitoring. Its circa-1,000 employees are in Chile, Argentina and Brazil. Its sales in the fiscal year 2017 were €60 million ($66.2 million).

Metso Minerals division expands with incorporation of Pumps business area

Metso says it is looking to better support the common customer interface and growth plans of its Pumps business area by moving it into its Minerals division.

Previously, Pumps was reported under the Flow Control segment together with Valves. Metso said it will continue to report externally under the two segments, Minerals and Flow Control, and will run its operations through seven business areas grouped under these two segments.

“The majority of Metso’s Pumps business area’s customers are common to the Minerals segment, and sales already largely operate through the Minerals market area structure,” Metso said. The Pumps business area will now be headed by Mikko Keto, who acts also as President of Metso’s Minerals Services business area, while John Quinlivan will continue as President of the Valves business area.

The change is effective immediately, with Pumps to be reported under the Minerals segment as of January 1.