OUTLOOK FOR 2020 REVISEDDue to the ongoing COVID-19 pandemic,...

OUTLOOK FOR 2020 REVISED

Due to the ongoing COVID-19 pandemic, market activity and visibility in the minerals processing and metals refining market have weakened. The timing of larger investments in particular is uncertain.

The previous outlook, issued on February 6, 2020: The market activity in minerals processing and metals refining is currently expected to remain at the present level. Copper, gold and nickel projects are expected to continue to be the most active.
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Above from Outotec Quarterly report just out....o....tec. Noted in the EMR Q report, that fabrication at the Outotec facility in Italy had resumed. Ototec in Finland had stood down workers for 3 months due to the Covid virus. However Outotec may concentrate on their gold sector clients, due to a decrease in activity from other areas. Outec may also outsource fabrication to areas with a lesser virus impact. As stated by emr, our management have been busy identifying supply chain and logistics opportunities, in order to benefit from this time of crisis.

"The subcontractor fabricating the Outotec SAGmill shell in Northern Italy halted all works in mid-March due to COVID-19 restrictions. However these works recommencedon 6 April 2020. The Company has also seen positive early indications that the global COVID-19 lockdown may result inopportunities to reduce some product delivery times and potential to negotiate on pricing due to significant under-utilisedsupplier capacity."

It's clear to any one who wants to some reading that there is not going to be any significant delay, if any delay at all, to the project.