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.
FLSmidth has been awarded a contract worth 49.5m Euros (approximately DKK 368m) from a company in the Middle East for engineering services and equipment for the expansion of a copper mine.
The scope of the supply for the 7 million tonnes per year capacity copper concentrator includes stockpile feeders, a SAG mill, ball mills, pumps and cyclones, flotation cells, concentrate and tailings thickeners and concentrate filters – comprising a full minerals processing line.
“FLSmidth has a strong position in the global copper industry and this order for a complete process line further underlines the strength of our unique ability to provide a single source of products and service solutions to the copper industry,” Group CEO Jørgen Huno Rasmussen comments.
The order will contribute beneficially to FLSmidth’s earnings until mid 2013.
