Weir’s Stanton remains bullish on mining

Weir Group CEO Jon Stanton concedes global greenfield mining investment “is a bit locked up at the moment”, but it’s not stopping the Glasgow-headquartered equipment manufacturer from growing its sales and returns from a large installed plant base that is being squeezed to yield more copper, nickel and other minerals.

“There is a paucity of big OE [original equipment] projects in our pipeline, but it is chock-full of smaller, debottlenecking-type projects which is … our sweet spot,” Stanton said on a call to mark the release of Weir’s FY22 first-half results.