Vedanta to exclude base metals business from sweeping demerger
The group said it will consider the base metals business demerger at a later stage.
FLSmidth has been awarded contracts worth a total of approximately USD 85m (approximately DKK 500m) for equipment supplies to a copper producer in South America.
The equipment contracts for the copper mine include the delivery of gyratory crushers, apron feeders, cyclones, flotation cells, concentrate thickeners, and tailing thickeners. The equipment supplied by FLSmidth will improve production efficiency and enable higher recovery of valuable metals.
The global demand for copper continues to grow. Both in industry and in households, copper is essential for construction, power generation and transmission, electronics and computing, machinery, heating and cooling, communications, motors and more, making copper an essential mineral for economic development.
“The winning of these orders demonstrates FLSmidth’s strength as supplier to the global copper industry. Latin America is the largest producer of copper, but there is also growing activity in Asia, Africa, North America and Australia. FLSmidth sees opportunities in the upgrading and expansion of existing plants as well as in being able to provide for new plants, such as our recent announcement of an order for a complete copper concentrator plant in Mongolia“, Group CEO Jørgen Huno Rasmussen comments.
