Displaying items by tag: Outotec

Outotec has been awarded an order by Iron Bridge Operations (IBO) for the delivery of Outotec® HIGmill® high intensity grinding mills and services for the Iron Bridge Magnetite Project in Australia. IBO is a joint venture between Fortescue Metals Group subsidiary FMG Magnetite Pty Ltd and Formosa Steel IB. The order value of approximately EUR 50 million has been booked in Outotec's 2019 fourth quarter order intake.

Outotec’s scope includes the design and delivery of ten advanced HIGmill grinding mills, as well as installation and commissioning and site services to support the customer with site operation and maintenance. The deliveries will take place in 2020 and 2021.

outotec logoWhen complete, the project will produce 22 million tonnes per annum of high grade 67% iron magnetite concentrate product and will deliver an energy efficient operation with globally competitive capital intensity and operating costs.

“After extensive evaluation of available technologies and a comprehensive test work program in collaboration with Fortescue, Outotec HIGmill technology was selected for this industry-first process circuit due to significant benefits in energy savings. Additionally, considering the amount of grinding power required for this project along with Fortescue’s objective to reduce the total number of mills required, the HIGmill, with the world’s highest available installed power in a compact footprint, was best suited to meet the customer’s requirements for this project,” notes Kimmo Kontola, head of Outotec’s Minerals Processing business.

Outotec develops leading technologies and services for the sustainable use of Earth’s natural resources. Our 4,000 top experts are driven by each customer’s unique challenges across the world. Outotec's comprehensive offering creates the best value for our customers in the mining, metal, energy, and chemical industries. Outotec shares are listed on NASDAQ Helsinki. www.outotec.com

For further information please contact:

OUTOTEC

Kimmo Kontola, President - Minerals Processing business unit
tel. +358 40 822 7100

Published inProcessing

Outotec has agreed with Glencore Nikkelverk AS on the delivery of coated Titanium Anodes to the new tankhouse for copper electrowinning plant in Norway. The delivery will include over 5,000 of the new mixed metal oxide coated titanium anodes. The order value, booked into Outotec’s third quarter order intake, is approximately EUR 10 million.

outotec logoGlencore Nikkleverk refinery in Kristiansand Norway produces approximately 40,000 tonnes of copper per annum. Outotec's coated titanium anodes were tested on-site for 5 years, and the results verified that Outotec anodes will operate at a significant reduction in energy consumption and provide higher current efficiency than traditional lead anodes.

Outotec Coated Titanium Anodes provide totally lead-free electrowinning operations and increased occupational health and safety by eliminating lead and lead sludge handling. The end result for Glencore Nikkelverk AS is green technology electrowinning operations with higher quality copper product at lower energy consumption and operating costs.

"This is one more reference delivery of Outotec Coated Titanium Anodes in the copper electrowinning industry. The energy efficiency benefits and lower operating costs of our anodes enable Glencore Nikkelverk to improve their profitability in a sustainable way”, says Kalle Härkki, head of Outotec's Metals, Energy & Water business area.

For further information please contact:

OUTOTEC

Kalle Härkki, President - Metals, Energy & Water business unit
tel. +358 20 529 211

Outotec develops leading technologies and services for the sustainable use of Earth’s natural resources. Our 4,000 top experts are driven by each customer’s unique challenges across the world. Outotec's comprehensive offering creates the best value for our customers in the mining, metal, energy, and chemical industries. Outotec shares are listed on NASDAQ Helsinki. www.outotec.com

Published inProduction

outotec logoOutotec and Yanggu Xiangguang Copper Co. (Yanggu) have settled all legal disputes regarding license agreements and intellectual property rights relating to Outotec Flash Smelting technology (press release on April 2, 2014 and stock exchange release on March 23, 2015).
 
Yanggu has withdrawn its application for summons at the High Court of Shandong Province in China (filed on March 20, 2015) and all its claims against Outotec.

Outotec has withdrawn its arbitration process at the ICC International Court of Arbitration against Yanggu in a dispute relating to license agreements on Flash Smelting and Flash Converting technologies and all its claims against Yanggu.

These settlements have no impact on Outotec's financial guidance for 2015.

For further information please contact:

OUTOTEC

Nina Kiviranta, General Counsel
Tel. +358 20 529 2017

Published inProduction