Company Announcement to the Danish Financial Supervisory Authority No. 30-2011, 17 November 2011.
FLSmidth has been awarded a contract worth approximately USD 70m (approximately DKK 350m) for equipment supplies to a copper mine in Latin America.
The contract includes delivery of a 76,000 tonnes per day grinding circuit consisting of two very large SAG mills and two ball mills. The mills will be the largest gear-driven mills in the world.
The order signifies FLSmidth's strong commitment in this important copper market and continues to strengthen its competitive position as a leading supplier to the industry.
"FLSmidth's image as a leading quality supplier of big mills as well as our ability to offer local support were fundamental elements of the decision making process to favour FLSmidth on this delivery of the largest gear-driven mills in the world. The order was won against keen competition and FLSmidth is proud to conclude that the quality of our offerings enables us to strengthen our competitive position in the important Latin American copper market," Group CEO Jørgen Huno Rasmussen comments.
The contract will contribute beneficially to FLSmidth's earnings until 2013.
Please address any questions regarding this announcement to Group Executive Vice President Christian Jepsen, FLSmidth & Co. A/S at +45 36 18 18 00.
For further information about FLSmidth, please visit www.flsmidth.com.
Pernille Friis Andersen
Corporate Communications & Investor Relations