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Finland’s Outotec wins Iran iron ore deal

US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)
Outotec has won a contract to set up a new iron ore beneficiation plant in northeast Iran.

Finland’s engineering group Outotec has been awarded a contract for the delivery of technology to set up a new iron ore beneficiation plant in northeast Iran, the company says. 

The plant owned by Khorasan Steel Complex Co will have a capacity to produce 2.5 million metric tons of pellet feed grade iron ore concentrate per year, expected to be commissioned in 2017.

Under an order worth 45 million euros by Iran International Engineering Company (IRITEC), Outotec will provide process technology for “a complete beneficiation plant and an entire value chain from raw material testing, process development to concentration and dewatering”.

The company will be also responsible for basic engineering, and supply of key process equipment, as well as advisory services for detail engineering, construction and commissioning, Outotec said.

“This order is another significant milestone for Outotec in the quickly developing Iranian iron and steel industry,” Kalle Härkki, head of Outotec’s Minerals Processing business area, said.

The order is similar to one awarded by Bafgh Mineral Complex Iron and Steel Industry Company to Outotec in June to establish an iron ore pelletizing plant in Iran’s central Yazd province.

The greenfield investment program, part of several projects being executed by Outotec in Iran, included building a new plant to produce 5 million metric tons of iron ore pellets a year by 2018.

Under the contract, the Finnish engineering group would provide the technology license, basic engineering of the pelletizing 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 company said then that its pelletizing technology was selected due to its strong track record in Iran.

“Our technologies are widely used in the Iranian iron ore and copper operations, as Outotec has delivered sustainable technologies to Iran since 1970s,” head of Outotec's Europe, Middle East and Africa region Adel Hattab said.

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