Press release April 11, 2012 09:00:00 AM CET

Metso to supply mineral processing equipment for Abhijeet Group's new iron ore plant in India

Metso Corporation's press release on April 11, 2012 at 10:00 a.m. local time

Metso will supply a complete set of mineral processing equipment for a Greenfield iron ore beneficiation plant to be built in Saraikela district of Jharkhand in Eastern India. The value of the complete plant on delivered basis is some EUR 15 million.

Metso's delivery includes mining screens, magnetic separators, ball mills, pressure filters and various sized slurry pumps. In addition to equipment supplies, the scope includes plant design, engineering and supervision services.

Abhijeet Group's new iron ore processing plant will produce 1.2 million tons of high-grade iron ore concentrate per year. The schedule of the new plant on delivered basis will be 14 months and is scheduled for delivery completion by March 2013. The order is included in Metso Mining and Construction first quarter 2012 orders received.

Abhijeet Group is a diversified business entity with significant presence in the areas of power production, mining, road construction, and steel and ferroalloys production. The company has plans to set up three new plants with a total steel producing capacity of 10 million tons per year. The proposed plants will be located in the states of West Bengal, Jharkhand and Maharashtra, India. The annual turnover of Abhijeet Group of companies is approximately EUR 760 million.

Technical information

The total project delivery comprises one no. SRR series drum scrubber, one no. MF series mining screen, one no. low intensity magnetic separator and high gradient magnetic separator, one primary and one secondary ball mill for grinding, two nos. VPA series vertical pressure filters and 14 nos. slurry pumps of various sizes.

Metso is a global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries deliver sustainability and profitability to customers worldwide. Expect results.

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For further information, please contact:

Kamal Pahuja, Vice President, India, Mining and Construction, Metso, tel. +91 124 271 6001

CM Purohit, Vice President, Mining Sales, India, Mining and Construction, Metso, tel. +98 110 43106