Posted in | News | Materials Processing | Business

Finnish Company Takes Stake in Ausmelt

Dec 9 2009

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Outotec Oyj of Finland has today acquired 19.9% of the issued share capital of Ausmelt at a price of 85 cents per share from interests associated with Dr John Floyd.

Dr Floyd is the inventor of Ausmelt's top submerged lance (TSL) smelting technology and founder of the Ausmelt business. He is deputy chairman of Ausmelt.

Outotec is a leading global provider of process solutions, technologies and services for the mining and metallurgical industries. Outotec's technologies and services cover the whole production chain of processing minerals to metals. With a history of over 100 years in its antecedent metal companies, Outokumpu and Lurgi Metallurgie, Outotec is a major force in the global mining and metallurgical industry.

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