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
[HUG#1573665]
