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07 June 2019
The First Ore Mining Company and Finnish Outotec Signed Cooperation Agreement at St. Petersburg Economic Forum
The document was signed by the Executive Director of The First Ore Mining Company, JSC Igor Semenov and the President of Outotec Маrkku Teräsvasara. The agreement establishes the parties’ intentions to cooperate in the implementation of the Pavlovskoye project for the development of the polymetallic deposit of the same name on the Novaya Zemlya archipelago. The document key provisions are the search for promising solutions for the design, equipment supply, installation, control and commissioning of a thickening plant at the Pavlovskoye deposit.
«Pavlovskoye is a project to develop one of the world’s largest lead and zinc deposits, which is being implemented in the harsh climatic conditions of the Arctic. We have to build everything from scratch. The experience of such a company as Outotec will certainly contribute to the search for innovative solutions for the plant construction and the creation of a high-tech enterprise in high latitudes,» said Igor Semenov.
Outotec has a vast background in providing comprehensive mining technologies and solutions for enterprises. One of the reference projects, Polaris, Canada, included the supply of floating equipment for the thickening plant on a barge.
«This agreement is another important milestone in our cooperation with The First Ore Mining Company. The goal for both sides is to find the most economically reliable and environmentally friendly concept for the thickening plant,» said Маrkku Teräsvasara, CEO and President of Outotec. «Our company is committed to developing and delivering technologies that enable our customers to steadily increase their profitability,» added Teräsvasara. For reference: The Pavlovskoye project involves the development of a polymetallic deposit of the same name on the Novaya Zemlya archipelago. As part of the project, it is planned to construct the most northern mining and processing plant for the production of lead and zinc concentrates with capacity of up to 3.5 million tons of ore per year. The First Ore Mining Company, JSC is the project operator.
Outotec develops leading technologies and services for the sustainable use of Earth’s natural resources. 4000 of the company’s best experts implement the unique tasks for each of the clients around the world. Outotec’s integrated solutions are valuable for their customers in the mining, metallurgical, energy and chemical industries. Outotec sales amounted to approximately EUR 1.3 bn in 2018, and their shares are listed on the NASDAQ in Helsinki.
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