Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Company Announcement to the Danish Financial Supervisory Authority No. 26-2011, 2 November 2011.
FLSmidth has signed a contract worth approximately USD 35m (approximately DKK 200m) with Cementos del Plata SA, for the supply of equipment and technology to their lime manufacturing facility located approximately 20 km northwest of Treinta y Tres, Uruguay.
FLSmidth is to supply a complete 500 tonnes per day lime manufacturing plant, making it the largest capacity lime plant in Uruguay. The scope of supply includes equipment from primary crushing to packing and loadout as well as material handling equipment and control systems.
Cementos del Plata SA is a partnership between Administración Nacional de Combustibles, Alcohol y Pórtland de la R.O.del Uruguay (ANCAP, 95%) and the Argentinian company Loma Negra CIASA (5%), which markets and distributes cement, clinker and other products made by the Portland Cement Division of ANCAP.
“FLSmidth has a long history with the ANCAP group dating back to 1956 and we are currently executing an upgrade project for the company’s Paysandú cement plant (see Company Announcement no. 20-2010). This order to supply Uruguay’s largest capacity lime plant, confirms our close relationship with the group and proves the successful merging of our cement and minerals operations”, Group CEO Jørgen Huno Rasmussen says.
The order will contribute beneficially to FLSmidth’s earnings until commissioning in 201
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.
