Company Announcement to the Danish Financial Supervisory Authority No. 34-2011, 23 December 2011
FLSmidth has been awarded a contract worth approximately USD 105m (approximately DKK 600m) from the Mongolian company, Mongolyn Alt (MAK) Group, to supply a greenfield copper concentrator for a mine some 500 kilometres from the capital city Ulaanbaatar, Mongolia.
The order comprises supply of a 40,000 tonnes per day copper concentrator including proprietary FLSmidth technology for all processes in the plant. The recently acquired Knelson-Deswik fine grinding mill will be utilized for concentrate re-grind. An automated control system, basic and detailed plant and process engineering and related supervision, start-up and commissioning services will also be supplied by FLSmidth.
MAK is an established player in coal, which it produces from three open cut mines in Mongolia, and is diversifying into copper. FLSmidth is proud to have been selected by MAK to supply this state-of-the-art concentrator based on the most efficient and environmentally sustainable minerals processing technologies.
"Mongolia holds vast deposits of natural resources and being able to deliver state-of-the-art technology, as with this contract, we are able to strengthen our position and footprint in this increasingly important market. Our Mongolian activities will soon be supported by our new Super Service Centre under implementation. The winning of the order also reinforces our engagement in the global copper industry and our ability to be the customers' One Source supplier - an important focus area for FLSmidth", Group CEO Jørgen Huno Rasmussen says.
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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