Stock Exchange release August 6, 2007 12:00:00 PM CET

Metso signs service contract with Codelco in Chile

Metso Minerals has signed a contract with Codelco, the Chilean national mining company for on-site service and parts supply at Codelco's Andina Divisions' process plant, Northeast of Santiago, Chile. The value of the service contract over 5 years totals approximately EUR 13 million.
 
Metso's service team of over 100 employees will service Andina's process plant, which processes copper ore from two local mines. The service contract includes plant maintenance services for Metso and third-party equipment, process optimization services, wear parts replacement on crushers and grinding mills, parts supply, service tools, vehicles and labour.
 
Codelco's Andina Division produces some 248,137 tons of copper concentrate per year. The service contract will help Codelco increase production at Andina's process plant by extending wear-life and uptime and improving the overall production process.
 
Developing customer service is a key element in Metso Minerals' strategy. The contract in question is Metso's first long-term service contract with Codelco, and as such it is strategically very important to Metso.
 
Producing over 1.63 million tons of copper annually, Codelco employs more than 16,000 people. In 2006, its sales reached 13 billion US dollars.
 
 
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.
www.metso.com
 
 
For further information, please contact:
 
Aldo Cermenati, Country Manager, Chile, Mining business line, Metso Minerals, tel. +56 2 370 2022
 
Mauricio Salinas, VP, Customer Service Regional Support, South America, Mining business line, Metso Minerals, tel. +56 32 227 0822