In July to September 2011 quarter, Outotec's order intake, including plant deliveries, technology and equipment deliveries as well as services, increased by 62% and totaled EUR 1,678.4 million. Orders from EMEA (Europe including CIS, Middle East and Africa) represented 52%, Americas 34% and Asia Pacific 14% of the total order intake. The orders received in the third quarter of 2011 totaled EUR 802.7 million.
1. Major new orders in the third quarter:
Concentrator technology for the Petropavlovsk Group gold mine in Russia (EUR 25 million)
Alumina calcinations technology for Ma'aden Bauxite Aluminum Company, Saudi Arabia (EUR 62 million, of which roughly EUR 50 million booked in Q3 order intake)
Copper concentrator technology for ZAO Miheevsky in Russia (EUR 60 million)
Gas cleaning and sulfuric acid technology for Almalyk Mining & Metallurgical Company in Uzbekistan (EUR 30 million)
Aluminum smelter technology for Emirates Aluminum in Abu Dhabi (EUR 100 million)
Copper concentrator technology for Codelco in Chile (EUR 24 million, half of which was booked in Q2 and the rest in Q3 order intake)
Magnetic separation solution for London Mining Plc's iron ore project in Sierra Leone (over EUR 10 million)
Iron ore palletizing plant for NLMK Novolipetsk Metallurgisk Kombinat in Russia (EUR 150 million)
Ferrochrome plant for Mintal Group in China (value not disclosed)
2. Major new orders in the second quarter:
Gold recovery technology for Petropavlovsk Group's JSC Pokrovskiy Mine in Russia (value not disclosed)
Copper flash smelting technology for National Iranian Copper Industries Company in Iran (EUR 61 million)
Iron ore palletizing plant for Samarco Mineração in Brazil (EUR 200 million)
3. Major new orders in the first quarter:
Copper flash smelting furnace and related services for RTB Bor in Serbia (EUR 60 million)
Oil shale preparation plant for Eesti Energia in Estonia (EUR 20 million)
Effluent treatment plant for Codelco in Chile (EUR 18 million)
Key process technologies and services for a copper gold concentrator for Sandfire Resources in Australia (EUR 15 million)
4. Order Backlog
The order backlog at the end of the reporting period was all-time high and reached EUR 2,052.5 million, which is 54% higher than at the end of the comparison period (September 30th 2010: EUR 1,332.2 million).
At the end of the reporting period, Outotec had 35 projects with an order backlog value in excess of EUR 10 million, accounting for 68% of the total backlog. Management estimates that roughly 25% (approximately EUR 510 million) of the September end backlog value will be delivered in 2011 and the rest in 2012 and beyond. At the end of the reporting period, the suspended projects in the order backlog have been reduced to EUR 20 million (September 30th 2010: EUR 60 million). Roughly 4% of the projects in Outotec's current backlog are from mining companies who are developing their first processing plants.
