Outotec to deliver gold processing technology to Fruta Del Norte in Ecuador

OUTOTEC OYJ   PRESS RELEASE   OCTOBER 19, 2017   AT 1:00 PM

Outotec to deliver gold processing technology to Fruta Del Norte in Ecuador

Outotec has been awarded an order for the delivery of minerals processing technology packages by Lundin Gold for their greenfield project Fruta Del Norte in Ecuador. The contract value booked in Outotec's 2017 third quarter order intake is over EUR 10 million.

Ecuador, until recently only known by its oil resources, is quickly gaining ground as a mining investment destination in Latin America thanks to significant gold and copper resources. Fruta del Norte, property of Lundin Gold, is one of the world's largest, highest grade undeveloped gold deposits, with reserves estimated at about 4.8 million ounces of gold and 6.3 million ounces of silver. Fruta Del Norte is expected to produce approximately 325,000 ounces of gold a year over a 15-year mine life.

Outotec's scope includes process engineering and the delivery of grinding mills, flotation, thickening and filtration technology packages. The deliveries will take place before the end of 2018.

"We are pleased to deliver our energy efficient process equipment to Lundin Gold's greenfield project, Fruta del Norte. This order will strengthen Outotec's position as a supplier of advanced minerals processing technologies in Ecuador", says Kimmo Kontola, head of Outotec's Minerals Processing business unit.

For further information please contact:

OUTOTEC

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

Eila Paatela, Vice President - Corporate Communications
tel. +358 20 529 2004, +358 400 817198

e-mails firstname.lastname@outotec.com

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