Stock Exchange release April 20, 2009 10:00:00 AM CET
Metso signs multi-year service agreement with AngloGold Ashanti in Ghana
Metso Corporation's press release on April 20, 2009 at 11:00 a.m.
Metso has signed a multi-year service agreement with the AngloGold Ashanti Iduapriem Mine in Tarkwa in Ghana. The contract includes the supply of maintenance management services and spare and wear parts for AngloGold Ashanti's new crushing and screening plant delivered by Metso. The agreement was signed in Q2 of 2009 and its value exceeds EUR 5 million.
In addition to maintenance management and technical support, Metso will supply hands-on training for staff at the Iduapriem Mine. Backed up by the company's global service functions, an on-site team of six Metso service technicians will support operations at the crushing and screening plant, which has an annual output of 4.3 million tons. Metso is also committed to converting the agreement into a cost per ton-based service over time.
AngloGold Ashanti is the world's third largest gold producer and is listed on the Johannesburg Stock Exchange (ANG). In addition to Iduapriem, the company operates five other mines in Western Africa. In 2008, gold production at the Iduapriem Mine totaled 200,000 ounces.
Metso has cooperated closely with AngloGold Ashanti in Ghana for 10 years. "This agreement is a vindication of our strategy of expanding the range of services we offer in this region," said Seth Quaye, Regional Manager, Western Africa, Mining business line, Metso. "It will leverage new services business by serving as a reference for our capabilities as a total solution provider."
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 29,000 employees in more than 50 countries. www.metso.com
Further information for the press, please contact:
Seth Quaye, Regional Manager, Mining business line, Western Africa, Metso, tel. +233 244 322 119
Tord Svensson, Senior Vice President, EMEA, Mining business line, Metso, tel. +46 70 671 68 45