Good News from Wed, 11 July, 2012:

Outotec wins Iranian projects

Outotec has delivered technologies to Iran since the 1970s Outotec has delivered technologies to Iran since the 1970s

Outotec has won orders worth a total of 265 million euros for technology deliveries to National Iranian Copper Industries Company's (NICICO) copper and molybdenum projects in Iran.

Outotec will deliver technology and services to NICICO's Khatoon Abad copper smelter, Miduk copper concentrator expansion, Nowchun copper and molybdenum concentrator and Sarcheshmeh copper concentrator expansion.

The scope of delivery includes engineering, operating licenses for technology, the supervision of detail engineering, supply of proprietary equipment, installation supervision and training services.

Our technologies are widely used in the Iranian copper concentrators and smelters as well as in iron ore pelletizing plants as Outotec has delivered sustainable technologies to Iran since 1970s, says Outotec's CEO Pertti Korhonen.

Outotec makes thorough examinations and works closely with the relevant authorities to ensure that its activities and technology deliveries are compliant with sanctions against Iran.

In anticipation of possible future changes in the regulatory framework, the orders will be booked in Outotec's order backlog gradually during 2012-2016 according progress of each particular project.