STOCK EXCHANGE RELEASE 14 Jun 2010
Pöyry awarded engineering and project services contract by Kevitsa Mining in Finland
PÖYRY PLC Company Announcement 14 June 2010 at 3.45 p.m.
Pöyry has been awarded engineering and project services contract by Kevitsa Mining AB, a subsidiary of First Quantum Minerals Ltd. (FQML), for its Kevitsa nickel/copper concentrator project in Northern Finland. The value of the contract is expected to exceed EUR 5 million.
Within the scope of its service contract, Pöyry will support FQML to meet their project targets that include sound safety practises and compliance with environmental regulations. The total investment cost for the whole mine project is an estimated USD 400 million. Commercial production of the minerals is expected to begin in mid 2012.
Kevitsa is located 140 kilometres north of Rovaniemi, in Finnish Lapland. It is one of the world's largest undeveloped sulphide nickel deposits with important copper, cobalt and platinum by-product credits. FQML, a growing mining and metals company, is engaged in mineral exploration, development, mining and refining. The Company produces LME grade "A" copper cathode, copper in concentrate, gold and sulphuric acid.
Pöyry has been a key player in many of the minerals processing projects in the Nordic countries, and is further strengthening its role by increasing its presence in Northern Finland.
Additional information by:
Martin Kuzaj, President, Industry business group, Pöyry PLC
Tel. +358 10 33 21586
Jouni Takakarhu, President, Business Area Chemicals, Industry business group, Pöyry
Tel. +358 10 33 21157
Sanna Päiväniemi, Investor Relations Director, Pöyry PLC
Tel. +358 10 33 23002
Pöyry is a global consulting and engineering company dedicated to balanced sustainability. We offer our clients integrated management consulting, total solutions for complex projects and efficient, best-in-class design and supervision. Our in-depth expertise extends to the fields of energy, industry, urban & mobility and water & environment. Pöyry has 7000 experts operating in about 50 countries, locally and globally. Pöyry's net sales in 2009 were EUR 674 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).
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