Premium Resources shares jump on Botswana copper-nickel project initial resource
The resource estimate outlines 44.2 million inferred tonnes grading 0.3% copper and 0.24% nickel.
Company Announcement to the Danish Financial Supervisory Authority No. 46-2008, 11 November 2008
FLSmidth Minerals has signed a contract worth USD 62m (DKK 361m) with Chinese-owned Minera Chinalco Peru for equipment for its Toromocho copper mine in the Morococha mining district about 140 kilometres east of Lima, the capital of Peru.
FLSmidth Minerals is to provide detailed engineering and design, as well as manufacturing and delivery of equipment, including one gyratory crusher, one SAG mill and two ball mills. The mills are some of the largest in the world. The SAG mill will grind over 5,000 tonnes of copper ore per hour when it reaches full production. “This contract is another example of the steady flow of orders FLSmidth Minerals is continuing to obtain from the minerals processing industry even during the current global economic slowdown,” Group Chief Executive Officer Jørgen Huno Rasmussen comments.
The contract will contribute beneficially to FLSmidth earnings until the last equipment has been supplied in late 2010.
Please address any questions regarding this announcement to CEO Christian Jepsen, FLSmidth Minerals at +45 36 18 18 00. For further information about FLSmidth, please visit www.flsmidth.com.
