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Comment Business & Economics

Pöyry: engineering and project-services contract

By Gerald Ondrey |

Pöyry Plc. (Vantaa, Finland; www.poyry.com) 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 practices and compliance with environmental regulations. The total investment cost for the whole mine project is an estimated $400 million. Commercial production of the minerals is expected to begin in mid 2012. Kevitsa is located 140 km 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.  
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