Company Announcement to the Danish Financial Supervisory Authority
No. 17-2008, 17 April 2008
FLSmidth Minerals has signed a five year contract worth USD 45m with
Minera Peñasquito for the integral maintenance services of their
greenfield, 130,000 ton per day lead-zinc sulphide concentrator plant
located in the state of Zacatecas, Mexico. The contract also includes
for FLSmidth to take responsibility for the commissioning, start up
and expansion of the mineral processing complex.
To perform these services, FLSmidth will provide highly qualified
maintenance specialists who will ensure that the experience and
technology FLSmidth has developed over the years in other maintenance
contracts, primarily at Minera Los Pelambres and Collahuasi in Chile,
will be utilised at the new plant.
The first group of technicians will start in April of 2008 followed
by a second, larger group for first phase of the lead-zinc
concentrator in September of 2008. The full force of up to 150 people
will be on site when the second phase of the concentrator line enters
into operation which is expected in 2010.
Minera Peñasquito, owned by Gold Corp, a Canadian based Mining
Company will be the largest lead-zinc concentrator in the world, when
in full operation in 2010.
FLSmidth Minerals has supplied the concentrator plant which, besides
two SAG mills and two ball mills, includes the world's largest
complete flotation plant as well as all the tailings and concentrate
dewatering equipment. For further equipment details, please see
Company Announcement no. 29-2007."FLSmidth was selected as the provider of these services due to the
experience obtained in Chile as well as being the Original Equipment
Manufacturer (OEM) provider of the major processing equipment within
the concentrator process. This, once again, demonstrates the forte of
the One Source - One Partner concept," Group CEO Jørgen Huno
Rasmussen comments.
-------------------------------------
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
