LEMMINKÄINEN CORPORATION PRESS RELEASE 6.7.2010, 14.00
LEMMINKÄINEN WINS CONSTRUCTION CONTRACTS AT KEVITSA MINE
Lemminkäinen has won two construction contracts from Kevitsa Mining AB, a
subsidiary of First Quantum Minerals Ltd. (FQML), for its Kevitsa Nickel/Copper
concentrator which is located 43 kilometres north of Sodankylä in northern
Finland. The total value of the construction works is approx. EUR 10 million.
The orders are booked for the second quarter orders received.
Lemminkäinen Talo's contracts cover earthworks and concrete construction works,
including foundations for mine production facilities and plant. Construction
work is already underway and Lemminkainen's scope of works are planned to be
completed in spring 2011. About 100 Lemminkäinen personnel will be involved in
the works. Lemminkäinen Infra is responsible for the excavation and stone
crushing contract included in the construction works.
FQML announced approval for the Kevitsa mine development in November 2009.
Construction work began in 2010 and mine production is planned to start up in
2012. The mine will produce nickel-PGE concentrate as well as copper-gold
First Quantum Minerals Ltd., a growing mining and metals company, is engaged in
mineral exploration, development, mining and refining. The Company produces LME
grade "A" copper cathode, copper in concentrate, gold and sulphuric acid. First
Quantum's common shares are listed for trading on the Toronto Stock Exchange in
Canada (symbol "FM"), the London Stock Exchange (symbol "FQM") in the United
Kingdom. First Quantum is a member of the S&P/TSX 60 index.
In addition to this contract Lemminkäinen has carried out mine excavation works
at a number of locations in Finland, including Elijärvi, Hitura, Kittilä and
Pampalo. The company also has an on-going three-year excavation contract at
Pahtavaara gold mine.
Technical Director Panu Hulkko
Lemminkäinen Talo Oy
Tel. +358 40 500 4229
NASDAQ OMX Helsinki
Lemminkäinen Group operates in all areas of the construction sector. The
Group's business sectors are Building Construction, Infrastructure
Construction, Technical Building Services, and Building Products. Net sales in
2009 were approx. EUR 2.0 billion, of which international operations accounted
for about one fifth. The Group employs about 8,600 people. Lemminkäinen
Corporation's share is quoted on NASDAQ OMX Helsinki Ltd. www.lemminkainen.com