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. 22-2011, 6 September 2011.
In connection with Her Majesty the Queen of Denmark’s state visit to Russia, FLSmidth expects to sign an agreement on future cooperation with the Russian company JSC EcoInvest.
The agreement relates to the supply of equipment and services for a complete greenfield cement plant and is expected to amount to a value of more than EUR 100m.
The agreement is not yet binding, but if and when it does become binding, FLSmidth shall immediately inform the market.
FLSmidth is continuously negotiating many potential contracts on the global market. To be considered binding, such contracts require not only signing but also exchange of down payment and guarantees, etc.
For further information about FLSmidth, please visit www.flsmidth.com.
