PRESS RELEASE
FLSmidth has received a contract worth approximately USD 30m (DKK 175m) for the supply of an iron ore crushing plant with a capacity of 1,800 tonnes per hour from Indian M/s National Mineral Development Corporation Limited (NMDC Limited) for their Kumaraswamy iron ore project, located in the Bellary District, Karnataka in India.
The scope of the supply includes design, engineering, manufacture, fabrication, shop testing, packing and transportation to the mine along with electrical-, civil- and structural work as well as erection and commissioning of the plant. The contract comprises the following equipment; one gyratory crusher, one apron feeder, one belt conveyor, two scalping screens and one secondary cone crusher.
FLSmidth's ability to be the customer's One Source in this project was a decisive factor in awarding the order to FLSmidth - reducing delivery time and optimising equipment performance.
"This is FLSmidth's first order for an iron ore crushing plant on turnkey basis in India. Furthermore, the order includes a gyratory crusher which is very central equipment in our product portfolio," Group CEO Jørgen Huno Rasmussen comments.
State-owned NMDC Limited is the single largest iron ore producer and exporter in India. The
company's cost of production is competitive with those of the leading iron ore producers in the world and is continually aiming to lower it across all its operations. Factors contributing to NMDC Limited's ability to lower its costs of production include the mechanization of its mines, its focus on continually reducing mining cost and seeking operation efficiency improvements. It presently produces approximately 30 million tonnes of iron ore from its three fully mechanized mines, all located in India. NMDC Limited is also involved in exploration of a wide range of other minerals.
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Please address any questions regarding this announcement to Group Chief Executive Officer Jørgen Huno Rasmussen, FLSmidth & Co. A/S at +45 36 18 18 00.
For further information about FLSmidth, please visit www.flsmidth.com.
Yours faithfully
Pernille Friis Andersen
Corporate Communications & Investor Relations