Bergteamet closes large deal with HZL, India.

december 23rd, 2011

Bergteamet, headquartered in Boliden, Västerbotten has signed an agreement with the largest mining company in India.

The contract is worth between 100 and 200 million SEK and is the first deal that Bergteamet closes in the mining industry in India. Hindustian Zinc Limited, HZL, is one of the largest zinc producers in the world, with mines and smelters in India, Australia, Zambia and Ireland.

HZL will invest heavily in it’s mines over the next 5-10 years. Today, the company breaks ore mainly in open pits, but will move to underground mining more and more. The mission of Bergteamet in India is to drill a number of ventilation shafts.

The agreement runs up to five years, and if both parties are satisfied the collaboration might be very extensive.  India has big potential in the mining industry, says Christer Gyllengahm, CEO, Bergteamet.

For more information, please contact:

Christer Gyllengahm, Managing director, CEO
Phone: +46 910 71 44 65
Mobile: +46 70 675 82 05
Email: christer.gyllengahm@bergteamet.se