Page 9 - Jon Stanton News Today

Weir Group annual profit to decline following ransomware attack | Financial News

Investegate announcements from Weir Group PLC, Q3 trading update and cybersecurity incident

Engineering firm Weir Group said on Thursday it was the target of an attempted ransomware attack in the second half of September, which impacted third-quarter profit.

By Scott Wright THE chief executive of Glasgow-based Weir Group has declared the long-term prospects for the engineer’s mining solutions technology are in a good health as the company reported a hefty rise in first-half profits, sparked by resurgent orders as the global economic recovery stepped up. Jon Stanton pinpointed to the “multi-decade growth opportunity” open to Weir amid long-term demand for metals such as copper, nickel and lithium, which he said will play a key role in th...

Investegate announcements from Weir Group PLC, Director/PDMR Shareholding

The following was circulated by the Coalition for Eco Efficient Comminution (CEEC). Visit www.CEECtheFuture.org for ideas on how to cut your biggest energy use. An independent report released earlier this week shines a light on the global mining industry’s energy usage, illuminating where energy is consumed and linking it with opportunities and pathways to decarbonize. The report, commissioned by the Weir Group, analyzes mine energy use from over 40 published studies, centred on five commod...

Advertisement The global mining industry must move away from legacy systems and processes if it is to meet the challenge of decarbonisation, according to a new recently released report which calculates mining’s share of global energy consumption and identifies ways the industry can aid the transition to net zero emissions needed to limit temperatures in line with the Paris Agreement. The report, commissioned by the Weir Group plc, analyses mine energy data from over 40 published studies to gi...

Mining sector needs $1.7 trillion investment for decarbonisation (Photo: AIZAR RALDES/AFP/Getty Images) Mining companies need to invest an eyewatering $1.7 trillion over the next 15 years to stick to Paris Agreement commitments, according to consultancy Wood Mackenzie. The decarbonisation investment figure comes as UK mining group Weir released a report today which found that the mining industry uses around 3.5 per cent of global energy. “Mining needs to become more sustaina...

Weir has linked bond to sustainability targets By Scott Wright WEIR Group has declared that it has been buoyed by the investor response to the first bond offering in the company’s 150-year history. The Glasgow-based engineering giant is looking to raise $800 million with a bond offering aimed at institutional investors which underpins its environmental sustainability targets. The interest paid on the bond to investors will rise if the company does not meet commitments made under its s...

BBC News Published image captionWeir will supply equipment such as its Enduron high pressure grinding roll Scottish engineering firm Weir Group has won a £36m order to supply energy-saving technology for an iron ore processing plant in Ukraine. Under the deal with Ferrexpo, Weir will supply equipment such as high-pressure grinding rolls (HPGRs) and screens. Swiss-based Ferrexpo is one of the worlds largest exporters of iron ore pellets to the steel industry. According to Weir, its HPGRs cut e...