The question of effective energy utilisation in grinding mills is not new. There are several conflicting arguments about tumbling mills, whether the efficiency is around one per cent or maybe ten per cent, or even much lower. The energy not used is assumed to be lost as heating of the pulp, the grinding mill body, the charge, generation of shockwaves and vibrations, etc. Stirred media mills on the other hand are generally considered to have better energy utilisation, but their energy efficiency is still not that clear. To shed some light on this a pilot-scale, wet stirred media mill was investigated over a range of operating conditions. The wet stirred media mill is a Drais PMH 5 TEX pearl mill fitted with an electric motor at 11 kW. It has been investigated over a range of operating conditions to try to balance the dissemination of the input energy in forms of the net grinding energy, mechanical energy losses, and the heating transferred to the pulp, the mill, the charge, and the cooling water. It is found that approximately 20 – 40 per cent of the input energy accounts for the grinding process. Also, that the difference between gross and net input electrical energy is mainly disseminated as heating of the pulp and cooling water. Mechanical energy losses appear to be much smaller than the heating effects. The use of a dispersant seems to mainly influence the heating effect.