Lump sum contract signed with final EPC partner for Engebø construction
Nordic Mining has today, through its wholly owned subsidiary Nordic Rutile AS, a signed lump sum contract with Normatic AS (“EPC4”). This completes lump sum contracts for the four selected Engineering, Procurement and Construction (EPC) partners for the Engebø Rutile and Garnet project (the “Project”). Nordic Rutile AS have previously signed lump sum EPC contracts with:
- Sunnfjord Industripartner AS (“EPC1”)
- Åsen & Øvrelid AS (“EPC2”)
- Nordic Bulk AS (“EPC3”)
In total the four lump sum EPC contracts will cover around 75% of the total plant and mine capital expenditure of USD 203.4 million. The EPCs partners will continue to work with the owners’ team to further advance selected Detailed Engineering originally part of the UDFS construction work.
For further information on the EPC partners see stock exchange notice from 8 June 2021 and 8 November 2021.
“Normatic is grateful for signing the contract for this exiting industrial project. We are pleased with being able to work closely together with very strong and capable local subcontractors in this extensive project. Our technical solutions and competence, developed over many years, will be applied to the project. By realizing the Engebø project, there will be incentives for all involved companies, to accelerate further growth and development”, says Marketing Manager Tom André Skjerven and General Manager Hans Inge Solheim.
For questions, please contact Project Manager Kenneth Nakken Angedal, telephone +47 92640645.
Oslo, 28 January 2022
Nordic Mining ASA
Nordic Mining ASA (www.nordicmining.com)
Nordic Mining ASA (“Nordic Mining” or the “Company”) is a resource company with focus on high-end industrial minerals and metals. The Company’s project portfolio is of high international standard and holds significant economic potential. The Company’s assets are in the Nordic region.
Nordic Mining is undertaking a large-scale project development at Engebø on the west coast of Norway where the Company has rights and permits to a substantial eclogite deposit with rutile and garnet. Nordic Mining also holds 12.7% of the shares in Keliber Oy, which is developing a lithium project in Finland to become the first European producer of battery grade lithium hydroxide.
In addition, Nordic Mining holds interests in other initiatives at various stages of development. This includes patented rights for a new technology for production of alumina and exploration of seabed minerals.
Nordic Mining is listed on Euronext Expand Oslo with ticker symbol “NOM”.