From Wikipedia (Link)In the beginning of the 21st century the...

From Wikipedia (Link)

In the beginning of the 21st century the Group began to continuously sell off non-core activities.^[12]

On 2 April 2007, FFE Minerals acquired Rahco International, Inc.^[13] In May 2007, FFE Minerals was renamed FLSmidth Minerals and on 10 August 2007, FLSmidth acquired GL&V Process,^[14] at that point the company's largest acquisition, enabling it to gain a foothold in the global copper industry.

In May and October 2008, FLSmidth acquired Pneumapress Inc.^[15] and CEntry, an engineering consultancy based in Utah.^[16]

In 2009, FLSmidth acquiredConveyor Engineering Inc.^[17] and EEL India Limited^[18] on 1 March 2009 and 28 July 2009 respectively. These acquisitions gave FLSmidth a know-how in design and supply of major bulk material handling systems for cement, mining, heavy industrial facilities and bagging equipment worldwide.

The year 2011 saw FLSmidth acquiring some major minerals and cement companies like ESSA Australia Limited on 17 February 2011,^[19] Phillips Kiln Service Ltd on 18 August 2011^[20] and Transweigh India Ltd on 20 October 2011.^[21]

On 3 July 2012, FLSmidth completed the acquisition of the Australian engineering and equipment supply company Ludowici Limited,^[22] a provider of coal centrifuges, vibrating screens and complementary wear resistant products and services for the minerals industries.

In 2012, FLSmidth acquiredDecanter Machine, Inc., a United States-based manufacturer and supplier of centrifugal technology to the global minerals industries (August),^[23]TEUTRINE GmbH Industrie-Technik, a German company specialised in mobile solutions for repairs, refurbishments and installation services (September)^[24] and Australian service companies MIE Enterprises Pty Ltd. and Mayer Bulk Pty Ltd. that provide construction, commissioning, maintenance and repair services.^[25]

In line with its heightened focus on core businesses areas such as cement and minerals, FLSmidth divested the capital sales of lime kilns and recausticizing equipment for use in white liquor plants in the pulp and paper industry. The business was divested to Metso Paper Sweden AB^[26] by means of a license agreement. The licence was perpetual and exclusive in relation to FLSmidth.

In 2022, FLSmidth acquired Mining Technologies,^[27] the mining division of German thyssenkrupp, which is the company’s largest acquisition. With this, FLSmidth becomes the world’s leading supplier of technology and services to the global mining industry. Following the integration of Mining Technologies, the proportion of FLSmidth’s mining-related business increased to 65% of the company’s operations.My highlights on this extract.

In business there is seldom anything for free so time will tell what this agreement entails.

No surprise that CVV has begun to go down the route to development and ultimate production. For small company hoping to transition to a miner something has to give - be given - most of the time to get the finance necessary for the many parts.

Chatting with board members at AGM's over the last few years I felt they wanted to try and take Bindi Dasher and ultimately the district to production if that could happen. Finance was the major issue and how much that would cost CVV in project terms and ultimately ownership. So many things need to align.

Last week's announcement of a 300+-m, near surface, high grade zone at Dasher may have some significance in terms of a potential starter pit. Location and associated logistic costs probably mean this won't happen IMO unless the economics are highly favourable. Some parts of Bindi may offer similar sweet spots with detail drilling already done. Hinge zone?

SP resisted another down trend in the overall market....so far this morning. AT LEAST WHILE TYPING

Solid support from a major company and potentially state backed finance? Certainly left field from what the normal Asian US based option that seemed possible.
Why the interest in a lowish grade Oz prospect? 30+ years of potential production in a stable sovereign regime? FLSmidth seems to have focused on many aspects of mining and does have a presence in Australia. LETTER OF INTENT ONLY AT THIS POINT IN TIME.