October 13, 2008

Ausmelt signs 9th contract for smelter in China

It is reported that Ausmelt Ltd has recently signed a major new contract with a leading Chinese metals producer to provide Ausmelt TSL Technology for a new copper smelter to be built in the People's Republic of China.

The client company has requested confidentiality until its Board of Directors has approved a suitable starting date for the project. Work of new project is expected to begin towards the end of the March quarter. When completed, the project will be the ninth Ausmelt Technology smelter operating in China.

Mr Paul Abbott MD of Ausmelt said that “The growing Chinese metals market and China’s requirement for environmentally sustainable smelting technology are creating new business opportunities for Ausmelt technologies. He said the company is currently working on six Chinese smelting projects and Ausmelt technology is becoming the technology of choice for many Chinese metals producers.”

Mr Abbott said Ausmelt’s top submerged lance smelting technology had now been adopted in China to produce copper, nickel, lead and tin. He said that the latest contract would begin contributing to earnings during the June quarter of 2008.