Stock Exchange release July 5, 2007 02:30:00 PM CET
Metso to supply minerals processing equipment to Gold Reserve in Venezuela
Metso Minerals will supply minerals processing equipment to Gold Reserve Inc. for its Brisas gold-copper project in Venezuela. The delivery will be completed by the end of 2009. The value of the order is approximately EUR 47 million. The order is included in Metso's second quarter order backlog.
Metso's order comprises two SAG mills, four ball mills and two VERTIMILL grinding mills. Additionally, Metso Minerals will supply apron feeders, a primary gyratory crusher and cone crushers to Gold Reserve. The order includes start-up and commissioning services, as well as initial spare parts for the project.
The Brisas Project, located in the Bolivar State near Las Claritas, will be Venezuela's largest mine in terms of throughput. Gold Reserve Inc. is listed on the American (AMEX) and Toronto stock exchanges.
Metso is a global engineering and technology corporation with 2006 net sales of approximately EUR 5 billion. Its 25,500 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.
Further information for the press, please contact:
Jeffery A. Leonard, Senior Vice President, Comminution, Mining business line, Metso Minerals, tel. +1 717 849 7464
Executive Vice President and CFO
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