Design and service agreement in Indonesia

FLSmidth has signed a Memorandum of Understanding (MoU) with PT ANTAM (Persero) Tbk (“ASX: ATM; IDX: ANTM; ANTAM”), a diversified mining and metals company headquartered in Jakarta/Indonesia, to supply design, testing and services for developing mining projects in and around Indonesia. The MoU was signed on 3 September 2014 by Mr. Tato Miraza, ANTAM’s President Director and Mr. Thomas Schulz, FLSmidth Group CEO.

The MoU details that, subject to the prevailing regulations and good corporate governance as well as the corporate policies of each ANTAM and FLSmidth, FLSmidth will assist in the development of plant designs, provide pilot testing, support the integration of plants with other technologies, facilitate co-engineering, direct ways in which to optimize costs, provide operation and maintenance services as well as training services, and offer evaluation services for existing facilities. This MoU is a result of several meetings in Jakarta between key members of both FLSmidth and ANTAM with the signing taking place in FLSmidth’s Bethlehem offices with simultaneous video conference of Thomas Schulz participating from Copenhagen (Fig.).


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