In this paper the character of loads exerted on bucket wheel was evaluated. The places of maximal stresses were determined by using finite element analysis. After this operation, a new wheel hub design was initiated. The first phase was related to development of new conceptions of the hub. The proposed conceptions were rated with respect to mass and total length of welds. This procedure led to selection of the most suitable design, which was optimized in order to minimize stress. The work at this stage consisted of continuous modification of the geometrical form, meshing of finite element model and structural analysis thereby providing information about stresses and deformations. The workmanship of the structural component and welded joints were defined according to DIN 22261 2:2006 standard.