M&A Activity • Oct 7, 2022
M&A Activity
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The previously announced signed contract to supply all mineral processing technology to ShalkiyaZinc, the operator of a zinc and lead mine in the Kyzylorda Region, located in the south of Kazakhstan (refer to Company Announcement No. 12-2022), is now effective.
The contract is valued at around DKK 950 million and will be part of the Q4 2022 order intake. The equipment delivery is to be completed during 2024, with commissioning to start before the end of that year.
The new plant will be a world-class production facility that efficiently separates the minerals with a minimised environmental impact. As detailed in the order announcement in August 2022, FLSmidth will supply two underground crushing stations with a materials handling system to the process plant, a full package of comminution and separation equipment. This includes SAG and ball mills, mill circuit pumps and cyclones, the zinc-lead concentrate flotation and regrinding circuit, including nextSTEP, VXP vertical mills, concentrate thickeners, and Pneumapress filters, reagents preparation and dosing area.
Full plant automation is also included, as well as installation and commissioning supervision services. The new concentrator will be supported from FLSmidth's new in-country service Supercentre in Karaganda.
The order will not change the Company's financial guidance for 2022.
Jannick Lindegaard Denholt, +45 21 69 66 57, [email protected] Therese Möllevinge, +45 41 37 16 38, [email protected] Mikkel Johansen, +45 23 30 29 50, [email protected]
Rasmus Windfeld, +45 40 44 60 60, [email protected]
FLSmidth provides sustainable productivity to the global mining and cement industries. We deliver marketleading technology, products and service solutions that enable our customers to improve performance, drive down costs and reduce environmental impact. MissionZero is our sustainability ambition towards zero emissions in mining and cement by 2030. FLSmidth works within fully validated Science-Based Targets, our commitment to keep global warming below 1.5°C and to becoming carbon neutral in our own operations by 2030. www.flsmidth.com
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