Outotec Oyj: Outotec to deliver copper and cobalt technology for Shalina Resources in the Democratic Republic of Congo

OUTOTEC OYJ PRESS RELEASE DECEMBER 14, 2017 AT 4:30 PM

Outotec to deliver copper and cobalt technology for Shalina Resources in the Democratic Republic of Congo

Outotec has been awarded a contract by Shalina Resources Limited for the delivery of copper and cobalt processing technology to the Mutoshi project near Kolwezi in the Democratic Republic of Congo. The order value, approximately EUR 65 million, is booked in Outotec's 2017 fourth quarter order intake.

Outotec's scope includes basic engineering, technology and equipment deliveries for a new plant with an annual processing capacity of 20,000 tonnes copper and 16,000 tonnes cobalt. The plant will use Outotec's modular hydrometallurgical solutions, such as OKTOP reactors, VSFX solvent extraction, and electrowinning. Outotec delivers also grinding mills, thickeners, filters, analyzers and process control system. Outotec's deliveries will take place during 2018.

Shalina Resources has two operating copper/cobalt plants at Etoile and Usoke. "We have formed strategic partnerships with key companies to help realize the potential of our operations, considering the project pipeline and the growing demand of copper and cobalt to the electric vehicle market. This contract regarding the Mutoshi project marks an important milestone in the realization of this potential, and we look forward to working with Outotec as we continue on this path", says Shiraz Virji, Chairman of the Shalina Group of Companies.

"We look forward to working with Shalina Resources in the Mutoshi project. We will be happy to deliver this wide and diverse technology package including our latest hydrometallurgical, modular concepts which are the most sustainable solutions available. The Mutoshi project will be a great reference for Outotec in the active African copper/cobalt market", says Kalle Härkki, head of Outotec's Metals, Energy & Water business unit.

For further information please contact:

OUTOTEC

Kalle Härkki, President - Metals, Energy & Water business unit
tel. [phone]

Eila Paatela, Vice President - Corporate Communications
tel. [phone]

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Source: Outotec Oyj via Globenewswire