Can you elaborate on ESCO's focus within the mining industry and how it differs from the Mineral Division of the Weir Group?

Weir ESCO, a global division of the Weir Group, primarily focuses on manufacturing essential wear parts for mining and construction operations. ESCO produces Ground Engaging Tools (GET), buckets and other cast wear protection materials used in shovels, loaders, auxiliary equipment, and reception- transportation systems within mines shafts, pits and in mineral beneficiation plants. In addition to manufacturing buckets and hardware components, the division produces truck hoppers and develops technology for the linings of these structures. ESCO also excels in manufacturing linings with special alloys designed to withstand impacts in critical areas commonly found in crushing areas .

In Peru, we support the market and fulfill consumable demands. We serve our customers by leveraging our foundries globally, particularly in the US and Chile. Our network extends to foundries in Europe and China, forming a global framework for optimal supply points and ensuring support in the face of complications in specific regions. The built-in global flexibility is essential for ensuring the continuity of the supply chain in any circumstance.

How does Motion Metrics, the artificial intelligence system, enhance operational efficiency?

This system adds value by identifying uncrushable materials such as GET loose that can end in the primary crushers, avoiding interruptions and safety complications. Also, the system provides granulometric metric profiles, boulder detections, volume efficiencies and other applications in various areas like loaders, trucks, conveyor belts, and blasting.  Motion Metrics comprises a system with a camera and a CPU installed either on the shovel arm or on a gantry, as exemplified by the Shovel Metric. This AI technology captures images, processes them through the CPU, and transmits alerts and information to the cloud, delivering essential real-time data on wear parts within other KPIs.

Motion Metrics has found a warm reception in Peru, establishing collaborations with key players including Las Bambas, Chinalco's Toromocho, Antamina and Hudbay’s Constancia, among others. Its significant value addition to the mining value chain allows for early issue detection, such as tooth loss in shovels, preventing disruptions and enhancing safety. 

What are some of the newest models introduced by ESCO?

Launched in 2018, we introduced the innovative lip and GET's Nemisys model, a significant addition to ESCO's product line. We consistently pursue innovations in alloys, fastening systems, and penetration technology. Nemisys outperforms its predecessors, such as the Ultralok, offering a remarkable over 8% increase in efficiency. 

Looking ahead to 2024, we anticipate the release of a new model focusing on maximizing efficiency, reducing material consumption, and enhancing extraction operations. We aim to increase the number of tons moved per shovel and optimize the economic value of each operation, ensuring maximum performance with the least possible investment.

How does Weir's commitment to economic value per ton align with its goal of creating a smaller carbon footprint?

By optimizing machines for faster loading, and moving larger volumes in less time, there is a notable reduction in energy consumption during the mining process. 

Weir also addresses these challenges through solutions like Motion Metrics, preventing unexpected mine shutdowns, and optimizing product classification before reaching primary crushing. This approach results in less material without proper size reduction, reducing downstream energy consumption. Internally, Weir implements significant improvements in its foundries, striving for efficiency and elevated emission standards to ensure more sustainable production. This enhanced efficiency reduces the carbon footprint and contributes to the company's sustainability.

Can you provide examples of how Weir actively promotes social inclusion?

Weir recognizes the importance of fostering a diverse and inclusive workforce, extending this commitment to ESCO. We actively implement initiatives to increase female representation at all levels, setting clear objectives to drive progress. Furthermore, we understand that diversity encompasses not only gender-related matters but also considerations of sexual orientation and identity. A recent initiative, we launched the Weir Pride Alliance in Latin America, an affinity group that promotes an inclusive environment where all employees, regardless of orientation or identity, feel free to express themselves and perceive the workplace as safe. From a social standpoint, we make efforts to buy products/services and employ as many people as possible from the surrounding areas where we operate and maintain offices to provide direct services to our clients, such as Arequipa and Cajamarca.

Do you have a final message for GBR’s audience?

Our focus extends beyond market growth as we strive to surpass 2023's results, with specific percentages pending the finalization of our plan. Additionally, we are committed to solidifying Motion Metrics' presence in large-scale mining in Peru, targeting adopting operational Metrics across all major mining clients. 

A key objective is the successful launch of a new product. Though ambitious for the Peruvian market, these three goals underscore our commitment to achieving them while maintaining a significantly high market share. We are proud that the majority of copper in Peru and the world undergoes processing through ESCO's GET.