Company Announcement to the Danish Financial Supervisory Authority No.
11-2014, 7 May 2014.
FLSmidth has received orders worth approximately USD 43m (approximately DKK
231m) from the Mongolian company, Mongolyn Alt (MAK) Group, to supply
engineering, procurement and site construction services for the Tsagaan Suvarga
copper-molybdenum concentrator project. This greenfield plant, with a capacity
of 40,000 tonnes per day of ore, will be located in the central part of the
proven Oyu Tolgoi south Gobi porphyry copper belt in southeast Mongolia.
FLSmidth is currently supplying all the main process technology for the project
under a separate, previously-awarded contract announced in 2011 (see Company
Announcement No. 34-2011, 23 December 2011).
MAK is the third largest company in Mongolia with diverse business activities,
including coal and gold mining operations. This will be the Group's first copper
concentrator. In February 2012, FLSmidth was awarded an order from MAK for
supply of a greenfield cement plant (see Company Announcement No. 06-2012, 9
February 2012).
"We are very happy to receive this third major order from MAK for their Tsagaan
Suvarga copper-molybdenum concentrator project. It confirms our strategy of
working closer with our customers, providing the support and services they need
as a key to developing long-term partnerships," President of the Mineral
Processing Division Peter Flanagan comments.
The order will be booked by the Mineral Processing Division and contribute
beneficially to FLSmidth's earnings until mid 2017.
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Please address any questions regarding this announcement to President of the
Mineral Processing Division Peter Flanagan, 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
[HUG#1783328]
