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Comment Business & Economics

Outotec lands iron-ore project in Australia

By Gerald Ondrey |

Outotec Oyj (Espoo, Finland; www.outotec.com) has been awarded orders for Australia’s Karara Iron Ore Project worth more than €28 million. Outotec’s solution includes design, supply, delivery and installation of the complete flotation circuit along with all filtration technology for the project. The Karara Iron Ore Project located 300 km north of Perth in Western Australia is a 50-50 joint venture between Gindalbie Metals Ltd and Chinese steel producer, AnSteel. It is part of the development of the world-class magnetite deposit at Karara, which has the known potential for over 30-million metric tons annual processing of magnetite over its estimated 30-year life. The first phase of operation is scheduled for 2011. “This project demonstrates the excellent fit of the Larox filtration technologies [acquired last year] to Outotec’s technology portfolio. Now we can offer larger solutions for our customers and use efficiently our global resources in sales, project delivery and services,” says Outotec CEO Pertti Korhonen.  
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