LEMMINKÄINEN CORPORATION PRESS RELEASE 02.11.2010, 9.30
LEMMINKÄINEN WINS ADDITIONAL CONTRACT AT KEVITSA MINE
Lemminkäinen has won a bulk earthworks contract from Kevitsa Mining AB, a
subsidiary of First Quantum Minerals Ltd. (FQML), for its Kevitsa nickel/copper
mine site in Sodankylä. The order is worth approx. EUR 15 million, and is
booked in Lemminkäinen's third-quarter orders received. The order is a
extension of the earthworks and concrete construction contracts that
Lemminkäinen won at the Kevitsa mine in July 2010.
Construction work has just started and the works within the scope of
Lemminkainen's contract are planned to be completed in autumn 2011. About 100
Lemminkäinen personnel are involved in the work.
FQML received approval for the Kevitsa mine development in November 2009. The
mine site is located 43 kilometres north of Sodankylä in northern Finland.
Construction work began in spring 2010 and mine production is planned to start
up in 2012. The mine will produce nickel-PGE concentrate as well as copper
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, as well as at the Kiruna iron ore mine in Sweden. 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 Ltd
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