Stock Exchange release July 22, 2008 01:00:00 PM CET
Metso to supply minerals processing equipment to China Metallurgical Group in Australia
Metso Corporation Company release on July 22, 2008 at 2:00 p.m.
Metso Minerals will supply minerals processing equipment to China Metallurgical Group Corporation (MCC) for Sino Iron project in Western Australia. The delivery will be completed during the first quarter of 2010. The value of the order is approximately EUR 53 million. The order is included in Metso's second-quarter order backlog.
The order comprises 28 VPA pressure filters with complete automatic control systems and compressed air systems and 52 slurry pumps. The order also includes auxiliary equipment, parts, and supervision of erection and start-up.
The order is so far the largest VPA pressure filter order received by Metso and it is estimated to be the largest mineral concentrate filtration plant in the world. The filter plant is designed to dewater up to 33Mty of fine magnetite concentrate to a product with moisture suitable for shipment or pelletizing plant feed. The Sino Iron project is one of the largest mining projects in Australia.
MCC is one of the largest equipment manufacturers in China and a leading Chinese contractor to the mining and metallurgical industries. The Sino Iron project is under development by CP Mining Management.
Metso is a global engineering and technology corporation with 2007 net sales of over EUR 6 billion. Its over 27,000 employees in approximately 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:
Wille Beckman, Vice President, Process Equipment, Metso Minerals, tel. +46 224 57149
Chris Smith, Product Manager, Process Equipment, Australia, Metso Minerals, tel. +61 2 8825 1678
Further information for investors, please contact:
Johanna Sintonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253
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