Weir announces strategic and global collaboration agreement with CiDRA

(Sharecast News) - Engineering firm Weir Group announced a strategic investment and global collaboration agreement with CiDRA on Monday. Weir said the partnership with CiDRA, a leader in mineral processing technologies, will accelerate the commercialisation and deployment of CiDRA's P29 technology, "which introduces an innovative mineral separation solution and unlocks novel flowsheet designs".

Under the terms of the agreement, Weir and CiDRA will collaborate globally to leverage the benefits of the P29 technology to develop and deliver "transformative" flowsheet solutions to help mining companies meet the challenges of reduced head grades, water restrictions, reduced carbon emissions, and tailings impound safety.

Andrew Neilson, president of Weir's minerals division, said: "We are excited to collaborate with CiDRA, whose track record of innovation aligns strongly with Weir's mission to deliver mining technology for a sustainable future.

"CiDRA's P29 technology has the potential to unlock enhanced productivity and sustainability for customers and we're pleased to help bring that impact to mines around the world."

No financial details were disclosed.