Hongxing Provides Crushing Service to Sweden

Our company has signed a contract with Northland Resources AB for a five-year mill lining service and inspection program for the Kaunisvaara project in northern st1:country-region w:st='on' Sweden. The contract complements previous project orders by Northland Resources, announced by Hongxing Machinery earlier this year. The value of the order is EUR 19 million and it will be included in Mining and Construction Technology’s second quarter 2011 orders received.

The Life-Cycle Services (LCS) program at Kaunisvaara includes both the supply and installation of mill liners and technical and maintenance support for the semi-autogenous mill on the Tapuli process line. Our on-site resources will also conduct liner inspections to maximize mill availability. The contract period will commence when installation of the Tapuli process line is completed at the end of 2012.

'We’re pleased to have concluded this contract as it maximizes the availability of our grinding line,” says Shane Williams, Vice President, Projects, Northland Resources AB. “As this is a cost-per-tonne contract, we’ll be able to forecast expenditure over extended periods of time. It will be a very useful asset in view of the total investment involved.”

“We embrace the opportunity to partner with Northland in a five-year LCS commitment,” says Yang Fanglou, President of Services business line, Henan Hongxing Mining Machinery Co., Ltd. “The speed at which operations at Kaunisvaara are progressing is impressive and we are looking forward to a rewarding working relationship with Northland Resources.”

The scope of service for the LCS program at Kaunisvaara consists of Poly-Met mill liners, liner handlers and essential tools, technical assistance including maintenance and shutdown planning, as well as monthly audits and annual inspection services for the Tapuli grinding mill.

The LCS programs deliver high levels of service by drawing on the Hongxing Group’s extensive technical expertise and vast global experience with similar operations.

Northland Resources is a development-stage mining company with a portfolio of iron ore projects in Northern Sweden and st1:country-region w:st='on' Finland. The company’s Kaunisvaara project will exploit magnetite iron ore deposits, feeding a single, multi-line processing facility in st1:country-region w:st='on' Sweden. The process yields high-grade, high-quality magnetite iron concentrate.

RedStar Machinery is a global supplier of sustainable technology, mining equipment like and  and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 28,500 employees in more than 50 countries. Our company uses its pioneering spirit to responsibly deliver energy to the world. This purpose transcends all of its operations. The company conducts its business to return maximum value to shareholders while utilizing a wealth of knowledge and resources from its employees and acting responsibly in all communities in which it operates.