Finnvera contributing to the financing arrangements for a copper smelter in Mongolia

Outotec has entered into cooperation with National Development Corporation of Mongolia (NDC) to conduct a conceptual study for a copper smelter to be located in Sainshand, Mongolia. Outotec and NDC signed the cooperation agreement on October 6, 2010, during visit of the President of Mongolia, Elbegdorj Tsakhia, to Finland. In the same occasion, Finnvera also signed a Letter of Interest to contribute to the financing arrangements to this project.

NDC is a consortium of the largest Mongolian private sector companies seeking to contribute in the industrial development of the country.

Further information:
Mrs Ritva Hara, Vice President, Export Credit Guarantees, Natural Resources and Infrastructure,
tel. +358 20 460 7301