Stock Exchange release June 30, 2005 01:00:03 PM CET
Metso to supply a semi-autogenous grinding mill to Kunming Iron and Steel Group in China
Metso Minerals will supply a primary iron ore grinding mill to Kunming Iron and Steel Group Co. Ltd (KISCO) for its Dahongshan mine in Yunnan province, China. The delivery will be completed in the second quarter of 2006. The customer has requested that the value of the order is not disclosed.
The contract includes the supply of a SAG mill, complemented by technical services, spare parts and supervisory services for erection and commissioning. The 5,400 kW SAG mill will be installed in the concentrator of Dahongshan, KISCO's new underground iron ore mine. Once in operation, the mine is planned to produce 4 million tons of iron ore per year. The Dahongshan mine complex will be one of the largest underground mines in China.
KISCO is a substantial Chinese industrial enterprise, producing for instance steel and iron. It employs approximately 30,000 people.
Metso is a global technology corporation serving customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries. In 2004, the net sales of Metso Corporation were approx. EUR 4 billion, and it has some 22,000 employees in more than 50 countries. Metso's shares are listed on the Helsinki and New York Stock Exchanges.