Wärtsilä signs 3-year Service Agreement with Newcrest Mining Limited for their power plants in Lihir gold mine in Papua New Guinea

HELSINKI, 1-4-2015 — /EuropaWire/ — Wärtsilä, the leading global supplier of flexible and efficient power plant solutions and services, has signed a 3-year Service Agreement with Newcrest Mining Limited for their power plants in Lihir gold mine in Papua New Guinea. The agreement, signed in February 2015, ensures maximised lifetime, performance and reduced operational costs for Newcrest Mining’s power plants in a safe, reliable, and environmentally sustainable way.

The agreement covers the major engine services and spare parts for the three power plants – diesel power station, interim power station and oil cubes – located in Lihir gold mine. In total, these power plants have 22 Wärtsilä engines with a combined output of 172 MW.

Newcrest Mining is one of the world’s largest mining companies. Their gold deposit in Lihir, located within the Luise Caldera, is one of the largest known gold deposits in the world. Wärtsilä provided the first diesel power station to Lihir in 1996 and gold production commenced in 1997. Lihir has one deposit, one open pit and multiple ore zones.

“We are very happy to deepen our cooperation with Newcrest Mining in the Lihir gold mine. By working with the people in Newcrest Mining, we now have pre-negotiated rates for labour and parts for the major services on the engines. By drawing up the annual plans together and streamlining processes, we can ensure the timely completion of each major engine service, thereby increasing engine availability, improving operational efficiency and reducing costs,“ says John Sydney, Service Unit Director Australasia from Wärtsilä.

For further information, please contact:

Mr John Sydney
Managing Director and SU Director Australasia
Tel: +61 2 8822 2960
john.sydney@wartsila.com

Ms Hanna Viita
Director, Marketing
Tel: +358 40 167 1755
hanna.viita@wartsila.com

Wärtsilä Services in brief
Wärtsilä Services creates lifecycle services for its customers, enhancing their business – whenever, wherever. We provide industry’s broadest range of services for both shipping and power generation. Our solutions range from spare parts and basic support to ensuring maximised lifetime, increased efficiency and guaranteed performance of customer’s equipment or installation – in a safe, reliable, and environmentally sustainable way.

Wärtsilä in brief
Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wärtsilä maximizes the environmental and economic performance of the vessels and power plants of its customers. In 2014, Wärtsilä’s net sales totalled EUR 4.8 billion with approximately 17,700 employees. The company has operations in more than 200 locations in nearly 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.
www.wartsila.com
Wärtsilä Newsroom

Newcrest Mining in brief
Newcrest is the largest gold producer listed on the Australian Stock Exchange and one of the world’s largest gold mining companies who operates mines in four countries, with a global workforce of around 10,000. Newcrest owns and operates a portfolio of predominantly low cost, long life mines and a strong pipeline of brownfield and greenfield exploration projects. Newcrest’s asset portfolio includes operating mines that use a variety of efficient mining methods for large ore bodies, together with selective underground mining methods.
www.newcrest.com.au

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