Stock Exchange release October 2, 2007 12:00:00 PM CET
Metso to supply minerals processing plant to Gradir in Montenegro
Metso Minerals will supply a minerals processing plant to Gradir Montenegro's mine located in the northern part of Montenegro. The delivery will be completed during the second quarter of 2008. The value of this order is approximately EUR 7 million. The order is included in Metso's third quarter order backlog.
The order comprises equipment for crushing, screening, grinding, dense medium separation, flotation, filtration, and tailings treatment, as well as auxiliary equipment and services.
Metso's solution is for the modernization and expansion of the mine, which was originally opened in 1953 with deposits in lead, zinc and silver. The mine's annual capacity is estimated to rise from 170,000 tonnes to 500,000 tonnes of ore once the expansion is complete.
With this investment Gradir will be one of the leading suppliers of lead and zinc concentrate in Montenegro. Gradir Montenegro is a subsidiary of Gradir Slovenia.
Metso is a global engineering and technology corporation with 2006 net sales of approximately EUR 5 billion. Its more than 26,000 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:
Helmut Zeipelt, Vice President, Sales, Eastern Europe, Mining business line, Metso Minerals, + 43 1 813 65 08 30
Wille Beckman, Vice President, Process Equipment, Mining business line, Metso Minerals, tel. +46 224 57149