Company Announcement no. 23-2007, 17 October 2007
FLSmidth Minerals has been awarded a contract to provide two mobile
overburden handling systems to Fortescue Metals Group (FMG) for their
iron ore mine in the Pilbara region in the north of Western
Australia. FMG is an Australian company listed on the Australian
stock exchange. The parties have agreed not to disclose the value of
the contract.
The equipment will be supplied by FLSmidth Minerals' subsidiary
FLSmidth RAHCO Inc.
After RAHCO's acquisition by FLSmidth Minerals in the beginning of
2007 (cf. Stock Exchange Message no. 7- 2007), the company is now
capable of handling much larger projects than before. As such, the
Fortescue order is about three times RAHCO's total sales in 2006.
The two mobile overburden handling systems are automated materials
handling systems for the removal of overburden in the mining
operation up to 16,000 metric tonnes per hour.
Installation of the first system will begin in July 2008 with
start-up by the end of 2008. The second system will follow four
months later.
Including this order FLSmidth Minerals has been awarded over USD 200m
in materials handling equipment over the past three months by global
mining companies, including South Africa's Anglo Coal, Chilean
Centenario Copper and Brazilian Companhia Vale do Rio Doce (CVRD).
The orders result from synergies between the recently acquired
materials handling companies within the FLSmidth Group combined with
the Group's position as one of the global leaders in large capacity
material handling systems for the mining industry."FLSmidth Minerals today has the ability to reduce the operating
costs of the mining companies through the combination of our long
history of engineering expertise in minerals crushing technology and
the acquired leading materials handling technologies in MVT, Koch and
RAHCO," Group Chief Executive Officer Jørgen Huno Rasmussen comments.
The orders will contribute positively to FLSmidth's earnings until
all the equipment has been commissioned in the first half of 2009.
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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 10 00.
For more information about FLSmidth, please visit www.flsmidth.com.
Yours faithfully,
Torben Seemann Hansen
Corporate Public Relations
