Hunan Gold shares surge after large deposit found in China
The Geological Bureau of Hunan Province said on Thursday that it had detected more than 40 gold veins containing an estimated 300 tons of the precious metal.
Metso will supply mining and minerals processing equipment and services for the new gold ore processing plant of Nordic Mines Oy in Finland. The equipment delivery will be completed during the first half of 2011, and the start of commissioning of the concentrator will be in August 2011. The value of the order is approximately EUR 30 million. The order is included in Mining and Construction Technology’s Q3 orders received.
The order comprises a full range of equipment and services necessary for the project, including a mill, pumps, flotation equipment, crushers and screens. The contract also includes steel structures, piping and a plant electrical, instrumentation and automation package as well as related supervision, start-up and commissioning services.
The equipment and services will be delivered to Nordic Mines Laiva Gold project, near the city of Raahe in Finland. The annual processing capacity of the plant will be two million tons of dry gold ore.
Nordic Mines is focusing in its operations on exploring for gold. At the moment the company concentrates on developing the Laiva deposit, being one of the biggest gold deposits discovered so far in the Nordic region.
Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 27,000 employees in more than 50 countries. www.metso.com
Further information, please contact:
Alf Rydberg, Commercial Manager,Mining and Construction Technology, Metso, tel. +46 705 245837
Perttu Louhiluoto, Senior Vice President, EMEA market area, Mining and Construction Technology, Metso, tel. +358 40 556 5774
