Outotec to deliver iron ore pelletizing technology to Gol-E-Gohar, Iran
(Thomson Reuters ONE) -
OUTOTEC OYJ PRESS RELEASE APRIL 18, 2012 at 12.00 PM
Outotec to deliver iron ore pelletizing technology to Gol-E-Gohar, Iran
Outotec has been selected by Gol-E-Gohar Mining & Industrial Co. to design and
provide technology for an iron ore pelletizing plant located in the Kerman
province of Iran. The plant's annual capacity is approximately five million
tonnes iron ore pellets.
Outotec's scope of delivery includes technology for a traveling grate
pelletizing plant, engineering, key process equipment and advisory services. A
local contractor will be responsible for civil works and local supply.
The value of equivalent deliveries for comparable plant sizes is approximately
EUR 80-85 million. Approximately EUR 25 million will be booked in Outotec's
order intake during the second quarter of 2012. Prior to finalizing the deal,
Outotec has applied for all the relevant export approvals from export control
authorities and has received all of the necessary permits to ensure that the
envisaged technology delivery does not collide with the existing embargo
regulations. In anticipation of possible future changes in the regulatory
framework, the order value will be booked in Outotec's order backlog gradually
during 2012-2015 according to each year's overall progress of the project.
"Outotec's pelletizing technology was selected due to its ability to process a
wide range of iron ores, including the magnetites found in Gol-E-Gohar's
deposit," notes Pertti Korhonen, Outotec CEO.
For further information please contact:
OUTOTEC
Pekka Erkkilä, President - Ferrous Solutions business area
Tel. +358 20 529 2143, +49 6171 9693 100
Eila Paatela, Director - Corporate Communications
Tel. +358 20 529 2004, mobile +358 400 817198
Emails: firstname.lastname(at)outotec.com
DISTRIBUTION:
Main media
www.outotec.com
This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Outotec Oyj via Thomson Reuters ONE
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