Stock Exchange release July 26, 2006 09:33:00 AM CET
Metso to supply grinding and flotation equipment to Gaisky Copper Mine in Russia
Metso Minerals will supply grinding and flotation equipment to Gaisky copper mine for Ural Mining and Metallurgical Company's raw material complex. The delivery will be completed by the end of 2007. The value of the order is over EUR 20 million. About EUR 17 million was included in the second-quarter order intake, while the rest will be included in the third quarter orders.
The order comprises two SAG mills of 5,000 kW each, two ball mills of 4,100 kW each and seventeen units of RCS (Reactor Cell System) flotation cells, complemented by installation and commissioning support services.
Metso's solution is for the processing plant of the Gaiskoe, Osennee and Letnee deposits development project in the Orenburgsky region in the southern Ural mountains. The deposits' estimated resources comprise approximately 300 million tons of copper sulfide ore. Once in operation, the estimated annual production of the process plant will be 8 million tons of copper/copper ore per year.
Ural Mining and Metallurgical Company (UMMC) is one of the largest Russian mining and metallurgical companies, producing an estimated 40% of Russia's copper. The company employs over 75,000 people. In 2004 its sales reached 73 billion roubles (EUR 2.1 billion).
Metso is a global engineering and technology corporation with 2005 net sales of approximately EUR 4.2 billion. Its 22,000 employees in more than 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries.
For further information, please contact:
Jaroslaw Dubiansky, Vice President, Minerals Processing Business Line, Metso Minerals,
tel. +46 40 24 58 48
Jeffery Leonard, Senior Vice President, Minerals Processing Business Line, Metso Minerals,
tel. +1 717 849 7464
Johanna Sintonen, Vice President, Investor Relations, Metso Corporation,
tel. +358 20 484 3253