FLSmidth has agreed a five-year deal to supply fixed equipment to global mining and metals group Rio Tinto.
The fixed-term global framework agreement (GFA) involves FLSmidth supplying mineral processing and material handling technologies, spare parts, consumables, and maintenance, consultancy and professional services.
Denmark-based mining and cement industries equipment and services provider FLSmidth says it is the first fixed equipment supplier to execute a GFA with Rio Tinto.
It adds that the GFA mutually benefits both parties by providing reduced timelines for future engagement, and delivering continuous improvement initiatives on safety, technology, production and costs.
The GFA runs from November 2019 to November 2024, with the aim of supporting the two company’s respective objectives of developing closer partnerships with key businesses.
FLSmidth says the deal is strategically significant for its business as it supports the company’s goal of developing closer partnerships with tier-1 miners to help them improve the productivity of their global operations and to collaborate and co-develop improved technologies and solutions for their projects.