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. 34-2012, 17 September 2012 
FLSmidth has been awarded a contract worth approximately USD 115m (DKK 655m) to supply engineering, design and equipment for a copper mine in South America.
The order is part of a major expansion of the mine and the scope of supply includes one primary crusher, multiple apron feeders, vibrating screens, SAG mills, ball mills, pebble crushers, pressure filters, concentrate and tailings thickeners as well as 300m3 flotation cells and additional cells for the molybdenum plant.
“FLSmidth has a strong market presence in South America. In addition to our extensive knowledge of the region and the minerals industries, our One Source supply chain ensures fast and well-coordinated engineering response times, saving the end-user engineering hours and giving the opportunity to reduce the time to start up,” Group CEO Jørgen Huno Rasmussen comments.
The order will contribute beneficially to FLSmidth’s earnings until mid 2016.
————————————-
For further information about FLSmidth, please visit www.flsmidth.com.
