FLSmidth awarded material handling project in Australia
(Thomson Reuters ONE) -
Company Announcement to the Danish Financial Supervisory Authority No.
31-2011, 8 December 2011
FLSmidth has signed a contract worth approximately USD 50m (approximately DKK
270m) with BIS Industries Ltd., a company of Kohlberg Kravis Roberts & Co.
(KKR), to supply material handling equipment to the iron ore mine owned by
Gindalbie Metals Ltd some 200 km east of Geraldton, Western Australia.
The contract comprises an iron ore tailings stacking system including a RAHCO(®)
mobile stacking system with a capacity of 2850 tonnes per hour. The technology
which FLSmidth provides introduces a process that enables dewatered tailings
material to be conveyed and stacked rather than pumped. This process allows the
client to utilize a smaller footprint, decrease environmental exposure, re-use
much of their process water and reduce operating costs.
"This material handling contract shows FLSmidth's dedication to its customers.
By listening to the local environmental concerns faced by our client we have
designed a solution that addresses these requirements and we are able to offer a
state-of-the-art customer-focused-equipment solution. The contract with BIS
Industries Limited signifies FLSmidth as a world leader within the stacking
system technology and as a forerunner of the tailings stacking trend" Group CEO
Jørgen Huno Rasmussen comments.
The order will contribute beneficially to FLSmidth's earnings until the end of
2012.
-------------------------------------
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.
Best regards
Pernille Friis Andersen
Corporate Communications & Investor Relations
Link to pdf file:
http://hugin.info/2106/R/1570020/488126.pdf
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Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: FLSmidth via Thomson Reuters ONE
[HUG#1570020]
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