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Exclusive Acquisition of SMCC Pty Ltd 100% IP by CITIC Heavy Industries

Release Date: 04 January 2013     Font size:  Small  Medium  Large

CITIC HIC Australia has completed an exclusive purchase agreement with SMCC Pty Ltd (SMCC) on 17th December 2012 to acquire 100% of SMCC IP. CITIC SMCC Process Technology Pty Ltd (CITIC SMCC) has been formed to continue providing technical services to various mining projects, mainly in the area of comminution circuit design, technology and equipment selection, and optimization of mineral processing plants. Dr. Stephen Morrell, a world leading expert in comminution design and the founder and owner of SMCC, will continue to work with CITIC SMCC for ongoing and future comminution projects, under a strategic partnership agreement. Dr Mike Daniel, who is also an expert in the comminution field, will also be working with CITIC SMCC.

Newly formed CITIC SMCC will be based in Brisbane, Australia and will commence its operation from 1st January 2013. CITIC HIC Australia is 100% owned by CITIC Heavy Industries Co. Ltd China which itself is listed on the Shanghai stock exchange.

Commenting on the completion of the acquisition agreement, Mr Chairman Ren Qinxin said “This acquisition will provide great opportunity for CITIC Heavy Industries to provide professional Process Technology & best suited solutions for Communition circuit design which typically constitute over 70% of the overall equipment cost of a concentrator plant. The CITIC SMCC Process Technology group will also undertake feasibility studies & circuit audits led by Dr Steve Morrell & Dr Mike Daniel as partners”.

CITIC Heavy Industries is the largest global mining equipment manufacturer with its own copyright & design in Mining, Cement & Metallurgical equipment like Grinding Mills, Crushers, HPGRs, Rotary Kilns, Furnaces and others. CITIC Heavy Industries have global presence in both operating equipment and personnel looking after Design, Project Management and aftermarket (service & spares). CITIC Heavy Industries Co, Ltd China and CITIC Censa Spain also manufacture major components and parts for other global OEM suppliers. CITIC HIC Australia & CITIC SMCC Process Technology provides R&D for new improved equipment design and Process technology for mining base industries. Mr Ren is the Chairman of CITIC Heavy Industries Co, Ltd China based in Luoyang where the factory with an area of 3 million square meters is located with 10,000 employees producing 200,000tonne of equipment annually.

SMCC Pty Ltd was established in 2000 by Dr Stephen Morrell, and it has been a leading consulting firm in the fields of comminution circuit design, optimization and geometallurgy and to date has conducted over 500 associated studies worldwide. In 2003 Dr. Morrell developed the SMC Test® and commercialized the testing method through SMC Testing Pty Ltd. The 25,000th SMC Test® has recently been completed by SMC Testing. This significant milestone continues to support that the SMC Test® is one of the most useful, versatile and cost-effective rock breakage test procedures available.

Based on his excellent contributions to global mining technology development, Dr. Steve Morrell was given a lifetime achievement award at the SAG Conference in September 2011 the Art MacPherson Award for 2011 by the Canadian Mineral Processors Society of CIM.

Comminution consulting services will be provided via CITIC SMCC Process Technology which specialises in the fields of:-

• Greenfield and brownfield comminution circuit design 

• Geometallurgical modelling

• Comminution plant optimisation

• Mine-to-mill studies

• Comminution modelling and simulation Pre & Feasibility studies with plant estimates & detail design done with CITIC HIC.