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Thyssenkrupp said this is the first such crusher it is supplying to Newmont, but it has already sold 21 gyratory crushers to the Australian market in recent years. It announced an order for Fortescue Metals Group's Iron Bridge magnetite project in Western Australia in April .
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Project financing is widely used in the mining industry, with companies using it for a variety of different reasons. Junior companies will often use project financing as it is a non-dilutive and cost effective source of capital. Incorporating some debt into the project capital structure also helps improve the equity returns for the investors.
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Comminution is the most energy intensive process stage in the mining industry. It uses at least 3% of the global electricity and, according to the Coalition for Energy Efficient Comminution, accounts on average for more than 50% of a mine’s energy consumption and 10% of the total production costs.