CEO Sami Takaluoma’s review from last week’s Annual General Meeting! 
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Sotta Mining Corporation Ltd., 80% owned by Perseus Mining Limited, has placed an order with Metso for the supply of a SuperiorTM MKIII 4265 primary gyratory crusher and two PremierTM grinding mills, part of the Metso Plus portfolio, for the company’s Nyanzaga gold project in northwestern Tanzania. The total power of the grinding mills is 21 MW. The value of the order is over EUR 20 million, and it has been booked in the Minerals segment’s Q1 2025 orders received.
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Metso and G Mining Ventures (GMIN) have signed an agreement for the delivery of key process equipment to the Oko West gold project in Guyana, South America. The value of the order is approximately EUR 30 million and it has been booked in the Minerals segment’s orders received for the second quarter of 2025.
Metso will supply the project with, among other things, a Superior™ MKIII primary gyratory crusher, a Premier™ SAG mill, and a Premier™ ball mill, all equipped with Metso’s lining systems. The delivery also includes conveyors and HRT thickeners, equipped with the Reactorwell™ feed system. The agreement includes the possibility of additional deliveries as the project progresses.
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How do you see Metso’s current valuation? The company is high-quality and supported by good global trends, but has the expected return at this share price level decreased so much that better investment opportunities for capital could be found?
I personally won’t add more at this share price level, but even reducing my position feels difficult with this neutral valuation.
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Metso has received an order from the Chinese Huayou Group for tailings filtration equipment for the company’s laterite nickel ore processing plant in Indonesia. The value of the order, which is not disclosed, has been booked in the Minerals segment’s orders received for the second quarter of 2025.
Metso’s delivery includes the design, manufacture, and supply of sixteen Larox® FFP3512 filters, as well as supervision services and spare parts related to installation and commissioning. The fully automatic, fast-opening pressure filter is part of the Metso Plus offering. The pressure filter combines the benefits of membrane technology and a side-bar design with excellent mechanics and process efficiency. This allows for the safe and sustainable dewatering of large quantities of tailings at low operating and life cycle costs.
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Metso has signed an agreement to sell its Ferrous business to SMS group, an international provider of technologies and services to the metals industry. The divested businesses include, for example, grate-kiln pelletizing and the CircoredTM direct reduction process, as well as related service businesses. Approximately 180 employees, mainly from Germany, India, and China, are expected to transfer to SMS group upon the transaction’s closing.
The transaction, which requires approval from competition authorities, is expected to be completed in the first quarter of 2026. The businesses subject to the transaction, excluding their related service businesses, have been reported as discontinued operations since October 2023. The parties to the transaction do not disclose the purchase price. The transaction will not have a significant impact on Metso’s results.
Metso has also made decisions regarding other Ferrous and Heat Transfer and Metals and Chemical Processing operations reported as discontinued operations. Metso will retain those businesses that have good market prospects and strong synergy with the company’s offering for the copper and battery minerals industries. For other businesses, planning for discontinuation will commence. The retained businesses will be reported as part of the Minerals segment going forward.
Metso announced in March 2023 its decision to begin preparations for the divestment of its Metals & Chemical Processing and Ferrous & Heat Transfer businesses.
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This strategic reassessment turned out to be quite a flop. Of the three businesses assessed, only one was sold. One wonders if the sale price is even sufficient to cover the direct costs incurred in the process, including consultants and advisors? The organization, sales, and customers were uncertain about the future for several years.
Strategic assessments now often result in the assessed business remaining with the company. Is this just done more visibly now than before, or is this expenditure of money and energy on these a new phenomenon?
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Here are Aapeli’s comments regarding the latest news/releases. 
Metso announced on Friday that it had signed an agreement for the sale of its Ferrous business (including related service businesses) to SMS group. These businesses, excluding their related service business, have been reported as discontinued operations since October 2023. The transaction is still conditional on approval by competition authorities and is expected to close in Q1’26. Approximately 180 employees are estimated to transfer to SMS group upon the transaction’s completion. However, the purchase price was not disclosed, but it is not expected to have a significant impact on Metso’s results.
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Metso celebrated the start of construction for its new service center on June 4 in Prince George, British Columbia. Built in a developing mining region, the center will meet growing demand, especially in the copper and gold segments. The center will offer OEM-certified field service inspections, comprehensive maintenance solutions, and repair services at customer sites. The center is estimated to be operational in early 2026.
The service center will be capable of extensively servicing mining equipment from crushing and grinding to screening, filtration, flotation, slurry handling, thickening, loading and hauling, and chute linings. The center will also have storage facilities for spare and wear parts.
Strong Service Capabilities and Global Service Network
Metso continuously develops its service and repair capabilities to support its customers even closer. The company is currently expanding its service center and opening a new training center in Mesa, Arizona. The expansion and training center will be completed during 2026. Together with the Prince George center, these investments will strengthen Metso’s service network and customer support across North America.
Metso’s service network includes over 3,700 field service and support professionals and technical support specialists, as well as over 140 service points on six continents. The company offers its customers comprehensive installation, commissioning, inspection, and maintenance services worldwide.
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Updated view. 
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Metso has signed an agreement to supply key process equipment for Jinnan Iron & Steel Group’s new iron ore concentrator in Oman. The plant will be built in the port city of Sohar, located approximately 200 kilometers north of the country’s capital, Muscat. The plant will produce 12.6 million tons of high-quality iron ore concentrate annually. The concentrator is scheduled to start operations in 2027, with the aim of establishing Oman as a key supplier in the global market for direct reduction grade iron ore.
Metso will supply several Vertimill® VTM-4500 mills and ball mills with metallic linings to the concentrator’s grinding circuit, with a total installed power of approximately 25 MW. The delivery also includes five HRT High Rate thickeners equipped with ReactorwellTM feedwell technology and six Larox® FFP3512 filters for concentrate dewatering. In addition, Metso will supply dozens of slurry pumps, including MD pumps, covering the entire process. A significant portion of the products covered by the agreement belongs to the Metso Plus offering. The value of the order, which is not disclosed, has been booked in the Minerals segment’s Q2 2025 orders received.
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Metso strengthens its commitment to local customer service by expanding its production capacity for rubber and Poly-Met™ wear parts in Australia. The company is installing a new mega-class press at its Canning Vale production facility in Western Australia. The press is specifically designed for the manufacture of large Megaliner™ mill linings and will be commissioned in the last quarter of the year.
With this investment, Metso will be the only manufacturer of mill linings in Australia, strengthening its position as the preferred partner for local customers. Australia is one of Metso’s key markets, where the company has a strong installed base of mills and an established market position.
Flexibility and efficiency in production
The new press enables the production of very large Megaliner linings, with dimensions up to 4.5 m x 3.2 m. Weight restrictions are determined by the customer’s installation capacity. Manufacturing larger and heavier parts allows for faster and safer mill maintenance, which improves mill availability and customer production. Simultaneous production of multiple linings increases production efficiency, lowers costs, and shortens delivery times.
Part of a global production network
The Canning Vale capacity expansion complements Metso’s regional production network for rubber and Poly-Met wear parts, which includes factories in Chile (Concón), Peru (Lima), Mexico (Irapuato), Brazil (Sorocaba), India (Alwar), and Lithuania (Šiauliai).
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Metso has signed a three-year supply agreement for metallic wear lining solutions with BHP in Australia. The value of the agreement will not be disclosed.
Under the terms of the agreement, Metso will support BHP’s Western Australia Iron Ore (WAIO) business by providing a comprehensive range of wear lining solutions. These include, among others, the industry-leading XAlloy™ metallic wear linings and cast wear lining solutions. Metso offers a versatile range of wear lining solutions in various materials, designed for demanding applications. Metso’s wear linings aim to minimize downtime and maximize productivity.
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@Aapeli_Pursimo / someone else, can you tell me what is on page 52 of Metso FLSmitdth’s 2023 CMD presentation? For some reason, I can’t upload the image from the slide here.
Is it “Competitor 1”?
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I would guess Metso is precisely that Competitor 1 because it has a strong market position in crushers, flotation, and pyrometallurgy. Competitor 2 is likely Weir, because they have a considerable market share in slurry pumps.
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Osino Resources Corp., a company focused on mineral resource exploration and development, has ordered key process equipment from Metso for its Twin Hills gold mine project in Central Namibia, approximately 150 km northwest of the capital, Windhoek. The total value of the order is over EUR 20 million, and it will be booked in the Minerals segment’s Q2 2025 orders received.
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Metso is expanding its production of fixed screens by establishing a new manufacturing center in Oradea, Romania. The investment supports the screen business’s growth strategy by increasing capacity and improving customer proximity and service capability for customers in Europe, Central Asia, and the Middle East.
The new screen factory will enable comprehensive growth for the screen business by strengthening the delivery capability of screening equipment and spare and wear parts, including rubber screen panels. The unit will employ 70–80 people by the end of 2026.
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Metso strengthens the development of mill lining recycling technology and its customer service capabilities by signing an agreement to acquire TL Solution’s recycling business and induction heating technology. TL Solutions is a privately owned company operating in Oulu, which has previously collaborated with Metso in the development of recycling technology.
Metso is the first company to introduce the Poly-Met™ mill lining recycling service utilizing induction heating. The service was launched in 2022.
Metso’s technology ownership combined with its know-how and expertise enables the provision of unique service and support to customers. The recycling service is available through a mill lining service agreement.
The transaction is expected to be completed in August 2025. The parties have agreed not to disclose the purchase price, and it does not have a material impact on Metso’s financial position.
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Now that Metso is eagerly awaiting and the Q2 earnings report is coming in 2.5 weeks, this was an interesting thread regarding copper companies: https://x.com/minenergybiz/status/1940685032386912696
There have been many strong moves in copper stocks lately.
The thread has about ten tickers and charts to examine.
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Metso has received an order to supply six pressure filters to Jindal Steel’s iron ore processing plant in Eastern India. The order has been booked in the Minerals segment’s second-quarter 2025 orders received. The value of the order will not be disclosed.
Jindal Steel is one of India’s leading companies specializing in steel production, mining, and infrastructure projects. Jindal Steel has an annual steel production capacity of 9.6 MTPA and a power generation capacity of 1,634 MW. Jindal Steel is committed to creating sustainable value for all its stakeholders. The fully automatic Larox® FFP 3512 filters, which are part of the Metso Plus range, will be installed at the company’s pelletizing plant in Angul, India.
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