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B-Misco's new plant to produce five million tonnes
of iron ore pellets annually on completion

Outotec wins Iran iron ore plant contract

IRAN, June 7, 2015

Finland-based Outotec, a global leader in minerals and metals processing technology, has won an order from Iran’s Bafgh Mineral Complex Iron and Steel Industry Company (B-Misco) to design and deliver technology and services for an iron ore pelletising plant in Iran.

The new plant, to be set up in the Yazd Province of Iran, aims to produce five million tonnes of iron ore pellets annually, said a statement from the company.

The parties have agreed not to disclose the value of the contract but such projects normally range between €80 and €100 million ($87 million and $109 million), depending on the scope and specification, it stated.

Less than €10 million ($11.1 million) has been booked in Outotec's second quarter of 2015 order intake, and the revenues will be recognised gradually during 2015-2018.

According toOutotec, the new plant is part of B-Misco’s greenfield investment programme.

Outotec's scope of work covers the technology licence, basic engineering of the pelletising plant, detailed engineering and supply of proprietary and key equipment and automation, as well as advisory site services for installation, commissioning and start-up.

The Finland group said the new plant is likely to be operational in 2018.

Adel Hattab, the head of Europe, Middle East and Africa (EMEA) region, said: “Outotec's pelletising technology was selected due to its ability to process a wide range of iron ores, and our strong track record globally and in Iran.”

“Our technologies are being widely used in the Iranian iron ore and copper operations, since we first delivered sustainable technology to them in the 1970s. We are also currently executing several other projects in Iran,” he added.- TradeArabia News Service
 




Tags: Iran | Outotec | iron ore | plant |

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