-Lemminkainen gets EUR20m add-on order at Finnish gold mine.
NORDIC BUSINESS REPORT-November 4, 2011--Lemminkainen gets EUR20m add-on order at Finnish gold mine(C)2011 M2 COMMUNICATIONS http://www.m2.com
4 November 2011 - Finnish construction company Lemminkainen Oyj (HEL:LEM1S) announced today an add-on excavation order worth EUR20m at the Pahtavaara gold mine in northern Finland.
The deal was awarded to Lemminkainen's subsidiary Tolarock Oy by Sweden-based Lappland Goldminers AB (STO:GOLD).
The contract is for 2012-2013 and includes an option for further excavations in 2014. It covers the excavation of 7 km of work tunnels and about 900,000 tonnes of gold. In addition, Tolarock will reinforce work tunnels, excavate ventilation shafts and transport blast stone to the refinery.
The new order is a continuation of a three-year excavation contract, ending this year.
(EUR1 = USD1.4)
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|Publication:||Nordic Business Report|
|Date:||Nov 4, 2011|
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