International news within the industry of mining and metal, May, 22 2019
Latest News

Outotec Mining Technology: Order intake at a good level

- Outotecs integrated alumina refinery concept features state-of-the-art process technology and proprietary equipment in a modular and standardized solution that offers the balance between customizability and cost-effectiveness, said the company newly. Photo: Outotec
- Outotecs integrated alumina refinery concept features state-of-the-art process technology and proprietary equipment in a modular and standardized solution that offers the balance between customizability and cost-effectiveness, said the company newly. Photo: Outotec
Published by
Markku Björkman - 12 May 2019

Outotec's profit for the mining technology improved compared with the previous period. Outotec's earnings before tax increased to EUR 7.5 million in January – March, compared with EUR 3.2 million before tax at the same time last year.

Analysts expected a forecast service of € 9.0 million in the median forecast collected by Infront Data. Seven analysts were involved in the median prediction.

In January-March, Outotec collected new orders of EUR 336 million, compared with EUR 334 million in the comparison period. Analysts expected new orders worth EUR 352 million.

Markku Teräsvasara, President and CEO of the company, was satisfied with the order intake, although it remained unchanged from analysts' expectations.

- Our order intake was at a good level in the comparison period. I am pleased with the growth of 19 per cent 22 per cent of our services and Minerals Processing segment equipment orders, Teräsvasara told in a press release.
 

 

Cobalt mine in Democratic Republic Congo. About half of all mined cobalt comes from DRC, mainly from the province of Katanga. The mining takes place close to towns and villages. Local communities regularly are cut off from their farmland and water sources near mines, without having had a say in the matter. There are several examples of forced relocations of entire villages. Inhabitants of the village Kishiba, for example, were forced to move to make way for Frontier, a cobalt and copper mine. Their new homes in Kimfumpa lack the most basic of services such as clean water, fertile farmland, schools and health care. Photo: ECCJ Secretariat
Cobalt mine in Democratic Republic Congo. About half of all mined cobalt comes from DRC, mainly from the province of Katanga. The mining takes place close to towns and villages. Local communities regularly are cut off from their farmland and water sources near mines, without having had a say in the matter. There are several examples of forced relocations of entire villages. Inhabitants of the village Kishiba, for example, were forced to move to make way for Frontier, a cobalt and copper mine. Their new homes in Kimfumpa lack the most basic of services such as clean water, fertile farmland, schools and health care. Photo: ECCJ Secretariat

Chinese control half of the Congo's cobalt