12 May 2011
Outotec has agreed with Tech Talk company of Dubai on the delivery of flash smelting technology for the expansion of National Iranian Copper Industries Company's (NICIC) copper smelter located in Sarcheshmeh in Kerman province.

Outotec's scope of delivery includes the supervision of detail engineering, supply of proprietary equipment as well as installation supervision and training services. The contract value is approximately €61 million, Reuters reported.

Before getting this contract effective, Outotec has ensured the relevant export control authorities that the envisaged delivery does not collide with existing embargo regulations. Outotec has applied for and received all the necessary permits.

In anticipation of possible subsequent changes in the regulatory framework, the order will be booked in Outotec's order backlog gradually according to the overall progress of the project during years 2011-2013. "The technology is already in use in Iran and therefore the customer preferred it as the first choice," said Outotec CEO Pertti Korhonen.

© Iran Daily 2011