PRESS RELEASE: Outotec has won an order for the delivery of minerals-processing technology packages for Lundin Gold’s greenfield project Fruta del Norte in Ecuador. The contract value booked in Outotec's 2017 September quarter order intake is over €10 million (US$12 million).

Ecuador, until recently known mainly for its oil resources, is quickly gaining ground as a mining investment destination in Latin America due to its significant gold and copper resources. Fruta del Norte, property of Lundin Gold, is one of the world's largest, highest-grade undeveloped gold deposits, with reserves estimated at about 4.8 million ounces of gold and 6.3 million ounces of silver. It is expected to produce approximately 325,000 ounces of gold a year over a 15-year mine life.

Outotec’s scope includes process engineering and the delivery of grinding mills, flotation, thickening and filtration technology packages. The deliveries will take place before the end of 2018.

Kimmo Kontola, head of Outotec’s Minerals Processing business unit, commented: "We are pleased to deliver our energy-efficient process equipment to Lundin Gold's greenfield project, Fruta del Norte. This order will strengthen Outotec's position as a supplier of advanced minerals-processing technologies in Ecuador.”