According to Mining News Pro - The Udokan project is located in the Kalarsky District in the far east of Russia. The contract price is approximately €250 million (US$283 million), of which approximately €35 million will be booked in Outotec`s June quarter order intake.

Outotec`s delivery includes basic and detail engineering of the concentrator and copper hydrometallurgical plant, procurement, delivery of main process equipment as well as installation supervision, training and start-up services.

The new metallurgical complex is expected to operate with the annual capacity of 12Mt of ore and producing 130,000t of copper as high grade sulphide concentrate and as cathodes. Outotec`s main deliveries are expected to take place in 2020.

Markku Teräsvasara, CEO of Outotec, said: "Udokan is the world`s third largest known undeveloped copper deposit. We are extremely pleased about being selected as a technology partner in this significant project. Our proven technologies and services enable Baikal Mining Company to develop their operations in a sustainable way and get the best value from their assets."

Valery Kazikayev, chairman of the board of directors at Baikal Mining Co, commented: "As a result of years of research, together with leading Russian and international engineering companies, we have developed a unique flowsheet for processing the Udokan copper deposit. With Outotec`s expertise and technologies we can automate the processes to the maximum extent."