Metso has concluded the study related to Tampere foundry announced in 2013. As a result Metso will divest the Tampere foundry to a Finnish company TEVO. The new owner will continue the foundry operations under the TEVO-Lokomo name at the foundry's current premises in Tampere.
Method under scrutiny is the so-called cyclic steam stimulation, which is the same it was being used at CNRL's Primrose site during a major spill last year.
Everyday thousands of operators across the world begin their shift by assessing and responding to equipment issues before they begin operations but how can mine sites be sure pre-start inspections are properly completed and that safety, machine uptime and maintenance costs have not been compromised?
Andrew Kaip, managing director of mining equity research at BMO Capital Markets, says the stark reality is that the precious metals sector is only part way through a down cycle and that structural issues will result in a fresh phase of consolidation