Barrick Gold Selects Metso's Concorde Cell Technology for Lumwana Copper Project Expansion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
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Source: Yahoo Finance
- Technology Integration: Barrick Gold has selected Metso's Concorde Cell flotation technology to be integrated with TankCell technology, aiming to optimize the flowsheet of the Lumwana copper project, thereby enhancing ore processing efficiency and economic benefits.
- Ore Processing Advantages: The Concorde Cell technology significantly improves recovery rates for particles smaller than 20 microns through the generation of intense shear forces and extremely fine bubbles, ensuring stable concentrate quality for the Lumwana copper project.
- Financial Impact: The equipment order secured by Metso in 2024 is valued at approximately €70 million ($78.12 million), expected to be recorded in the minerals segment's financial statements for Q3 2025, indicating the project's long-term profitability potential.
- Project Background: The Lumwana copper mine, located in Zambia's Copperbelt, operates using traditional open-pit mining methods and primarily processes sulphide ore, utilizing standard flotation processes to produce copper concentrate, further enhancing Metso's market position in the region.
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Abacus Global Management, Inc. is a financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services. The Company’s segments include Asset Management, Life Solutions and Technology Services. The Asset Management segment provides asset management services to primarily institutional investors alongside private clients investing in uncorrelated and longevity-based assets, fixed-income replacement strategies and free cash flow based investment solutions. It also provides policy servicing activities to customers on a contract basis. The Life Solutions segment is engaged in buying, selling, and trading policies, and maintaining policies until receipt of death benefits. The Technology Services segment provides real-time mortality verification, missing participant verification, and other services specific to the life insurance market services to customers on a contract basis.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
