OUTOTEC OYJ STOCK EXCHANGE RELEASE, MARCH 8, 2010 AT 9.00 AM
Outotec to supply 119 million euro sinter plant to South Africa
Outotec has agreed with South African Kalagadi Manganese Pty Ltd on the design and delivery of a new manganese sinter plant to be built in Hotazel in the country's Northern Cape Province. The contract value is approximately EUR 119 million.
Kalagadi Manganese is 50-percent owned by the world's largest steel producer, ArcelorMittal, whereas Kalahari Resources owns 40 percent and IDC 10 percent of the company.
Outotec is responsible for the delivery of the sinter plant on a turnkey basis including engineering, project management, supply of all equipment and structural steel, construction, commissioning as well as advisory services for civil works. The new plant will ultimately produce 2.4 million tonnes of sinter annually. Manganese ore sinter is used as raw material for the production of high carbon ferromanganese. The plant commissioning is scheduled for March 2012.
"Kalagadi's new plant will be one of the world's largest manganese sinter plants. This significant order once again demonstrates our ability to deliver total process solutions to customers - from the test work with raw materials to defining the optimal process and technology, plant engineering, as well as equipment supplies and services, not to mention taking full responsibility of the project and performance guarantees," states Pertti Korhonen, Outotec's President and CEO.
For further information please contact:
Peter Weber, President - Metals Processing division
tel. +49 6171 9693 165
Eila Paatela, Vice President - Corporate Communications
tel. +358 20 529 2004, +358 400 817 198
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