On June 30, Finnish mining and metal manufacturing equipment provider Outotec announced that it has come to an agreement with Brazil-based mining company Samarco Mineração S.A. (Samarco) on a turnkey delivery of the world's largest iron ore pelletizing plant in Brazil.
The contract value is approximately €200 million, which will be booked in Outotec's second quarter order intake. In addition, the contract includes local Brazilian purchases worth €100 million performed on behalf of the customer. Some 90 percent of the services and supplies for the project will be delivered from Brazil.
The new plant will be installed at Samarco's iron ore port in Ponta de Ubú, Espírito Santo, Brazil. Once operational at the end of 2013, the plant will treat 9.25 million mt of iron ore per year.