FLSmidth and Rio Tinto have executed a five-year, fixed-term Global Framework Agreement (GFA) which enables the parties to engage on the supply of fixed equipment, including mineral processing and material handling technologies, spare parts, consumables, and maintenance, consultancy and professional services. The GFA runs from November 2019 to November 2024, supporting Rio Tinto’s and FLSmidth’s respective company objectives of developing closer partnerships with key businesses.
FLSmidth is the first fixed equipment supplier to execute a GFA with Rio Tinto, offering the following mutual benefit to both parties:
•Agreed terms and conditions providing reduced timelines for future engagement
•A framework to govern the relationship and contract at all levels, which facilitates identification of mutually beneficial joint value outcomes, maximizes the value of the relationship and delivers continuous improvement initiatives on safety, technology, production and costs