Stock Exchange release December 15, 2008 01:00:00 PM CET
Metso to supply grinding equipment to Norilsk Nickel in Russia
Metso Corporation's company release on December 15, 2008 at 2:00 p.m.
Metso will supply grinding equipment to Open Joint Stock Company (OJSC) "Mining and Metallurgical Company Norilsk Nickel" (MMC Norilsk Nickel) for its subsidiary Talnakh Concentrator in Northern Russia. The delivery will be completed by the end of 2010. The value of the order is approximately EUR 40 million.
The order comprises of a semi-autogenous (SAG) grinding mill with a diameter of 34 feet and two ball mills each with a diameter of 22 feet. The order also includes ancillary equipment, as well as installation and commissioning services.
Located at the Taimyr Peninsula in Siberia, the Talnakh Concentrator processes rich ores mined at the Talnakh and Oktyabrsky deposits to produce nickel, copper and pyrrhotite concentrates. Metso's delivery is for the renovation project of the minerals processing plant at the Talnakh Concentrator. The project targets to increase the present capacity from 10.5 million tons of ore processed to an estimated annual production of 17 million tons of ore.
The OJSC "MMC Norilsk Nickel" is Russia's largest mining company and the world's leading producer of nickel, palladium and platinum. The company is listed on the Moscow Interbank Currency Exchange (MICEX) and the Russian Trading System (RTS). In 2007, its net sales accounted for EUR 12.4 billion. MMC Norilsk Nickel employs over 63,000 people.
Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have over 28,000 employees in more than 50 countries. www.metso.com
Further information for the press, please contact:
Jaroslaw Dubiansky, VP, Capital Projects and Russia Market Sales, Mining business line, Metso, tel. +1 717 849 7222
Further information for investors, please contact:
Johanna Sintonen, Vice President, Investor Relations, Metso Group, tel. +358 20 484 3253
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