Rio Tinto entered a fixed-term Global Framework Agreement (GFA) with FLSmidth to supply mineral processing and material handling technologies, spare parts, consumables, and maintenance, consultancy and professional services. FLSmidth said it is the first fixed-equipment supplier to execute a GFA with Rio Tinto. The agreement runs from November 2019 to November 2024.
The terms and conditions of the agreement will reduce timelines for future engagement, FLSmidth reported. The framework covers all levels, which will allow the companies to identify mutually beneficial joint value outcomes, maximize the value of the relationship and deliver continuous improvement initiatives on safety, technology, production and costs.
FLSmidth leadership reported the agreement supports the company’s goal of developing closer partnerships with tier-1 miners to help them improve the productivity of their global operations and to collaborate and co-develop improved technologies and solutions for their projects. “The Rio Tinto and FLSmidth GFA is a key partnership that we believe will bring significant, long-term benefits to both parties,” said Peter Flanagan, senior vice president, executive accounts and key commodities, FLSmidth. “It is a true win-win.”
Separately, FLSmidth announced MissionZero, a sustainability program seeking to reduce emissions in the mining industry by 2030. Under the program, the company will develop digital and other solutions tied to sustainable productivity with a specific focus on water management. FLSmidth reported it plans to offer solutions that support zero water waste, such as dry-stack tailings solutions, by 2030.