Outotec receives additional orders from the Russian Petropavlovsk Group
(Thomson Reuters ONE) -
OUTOTEC OYJ PRESS RELEASE, NOVEMBER 7, 2011 AT 2:00 PM
Outotec receives additional orders from the Russian Petropavlovsk Group
Outotec has signed two additional contracts for detail engineering and delivery
of gold pressure oxidation (POX) technology with the Russian Petropavlovsk Group
of Companies. The contracts are together worth EUR 34 million, and they
complement contracts disclosed in May and July 2011. The majority of the
contract value is booked in Outotec's fourth quarter order intake with a small
part being booked in the third quarter.
The first additional order includes detail designing of the Malomir and Pioneer
gold concentrators and Pokrovskiy autoclave and hydrometallurgical plant in the
Russian Far East. This project will be completed in August 2012.
The second order includes technology delivery consisting of chemical preparation
and dosing systems, reactors and agitators, thickening and filtration equipment
and high pressure titanium piping with auxiliaries for the designed Pokrovskiy
autoclave and hydrometallurgical plant. The equipment will be delivered at the
end of 2012.
These orders complement Outotec's delivery of the main equipment for a pressure
oxidation process for the Petropavlovsk gold project previously announced. The
overall value of the contracts with the Petropavlovsk Group disclosed in 2011 is
approximately EUR 90 million.
"The benefits of the Outotec technologies for efficient yet sustainable
production processes as well as the best return on investment are best leveraged
with long term partnerships and large scale projects. The R&D related to gold
processing carried out in co-operation with the Petropavlovsk Group is a good
example of such partnership", states Outotec CEO Pertti Korhonen.
For further information please contact:
OUTOTEC
Jari Rosendal, President - Non-ferrous Solutions business area
tel. +358 20 529 2700
Eila Paatela, Director - Corporate Communications
tel. +358 20 529 2004, +358 400 817 198
e-mails firstname.lastname(at)outotec.com
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Source: Outotec Oyj via Thomson Reuters ONE
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Datum: 07.11.2011 - 13:01 Uhr
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News-ID 84646
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