In a major international competitive bidding process, the Saudi Arabian Mining Co. (Ma’aden) has awarded the consortium of Outotec and Larsen & Toubro with an engineering, procurement and construction contract to build a greenfield mineral concentrator and gold processing plant in Saudi Arabia. Outotec’s share of the project is more than EUR 140 million. The order is almost evenly shared between the reporting segments and will be booked into Outotec’s second quarter 2019 order intake. The total value of the project is approximately EUR 540 million.
Outotec’s delivery includes basic and detail engineering, procurement and delivery of process equipment, commissioning, startup assistance and training services. The new gold processing plant is due to be completed in 2022.
The Mansourah & Massarah mines and processing plant will be built in the Central Arabian gold region. The processing plant will be capable of processing up to 4 million metric tons of ore per year (mt/y). The concentrator and the gold processing plant is designed producing an average of 250,000 ounces (oz) of gold per year over the life of mine.
“We are extremely pleased with this significant order and continued cooperation with Ma’aden that is growing to be a global mining company,” Outotec CEO Markku Teräsvasara said. “Our previous deliveries have included grinding, flotation and filtering technologies as well as alumina calcination technology, and three sulfuric acid plants. Our proven technologies and services enable them to get the best value from their resources and build sustainable operations.”