The contract is to build a greenfield mineral concentrator and gold processing plant in Saudi Arabia. Outotec's share of the project is over €140 million; the order is almost evenly shared between the reporting segments and will be booked into Outotec's June quarter 2019 order intake. The total value of the project is approximately €540 million.

Outotec's delivery includes basic and detail engineering, procurement and delivery of process equipment, commissioning, start-up assistance and training services. The new gold processing plant is due to be completed in 2022.

Ma'aden's Mansourah and Massarah mines and processing plant will be built in the central Arabian gold region of the country. The processing plant will be capable of processing up to 4Mt/y of ore. The concentrator and the gold processing plant is designed to produce an average of 250,000oz/y of gold over the life of mine.

Markku Teräsvasara, CEO of Outotec, said: "We are extremely pleased with this significant order and continued cooperation with Ma'aden that is growing to be a global mining company. Our previous deliveries have included grinding, flotation and filtering technologies as well as alumina calcination technology, and three sulphuric acid plants. Our proven technologies and services enable them to get the best value from their resources and build sustainable operations."