FLSmidth sets focus on mining


Richard Roberts

Cement foundations to make way for mining build

Denmark’s FLSmidth has stepped up its search for complementary mining acquisitions ahead of the planned exit from its heritage cement business later this year, CEO Mikko Keto has indicated.

“We are already now looking at how we can kickstart the growth in the areas that we want to grow,” he said on a call to go over the company’s 2023 financials, 2024 guidance and future “clean mining” business rationale.

“We are creating a platform for long-term growth in 2024, whether it’s a pumping business, whether it's a mill liner business, or whether it’s [a] consumables business ... We are doing all that work in the background.

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