Press release December 21, 2017 10:00:00 AM CET
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Lundin Mining awards contract to Metso for Somincor Zinc Expansion Project at Neves-Corvo mine in Portugal

Lundin Mining awards contract to Metso for Somincor Zinc Expansion Project at Neves-Corvo mine in Portugal

Metso Corporation press release on December 21, 2017 at 11:00 a.m. EET

With the Zinc Expansion Project, Lundin Mining expects to expand production from the existing mining areas and from the deeper, higher-grade zinc deposit Lombador Phase 2.

In May 2017, Lundin Mining announced the results of its feasibility study for the Neves-Corvo Zinc Expansion Project, confirming the strong project economics and demonstrating significant incremental value for their Neves-Corvo operations. Planning to expand the existing zinc plant from its current capacity of approximately 1.1 million tonnes per year to 2.5 million tonnes, along with further development of Lombador Phase 2, the company signed contracts with Metso in September for the purchase of a C120 jaw crusher, flotation cells and filter presses.

Ore from Lombador Phase 1 and 2 will be extracted using a new materials handling system, comprising a Metso C120 primary jaw crusher located on the 280-260 level. While developing LP2, the existing zinc plant will be expanded and upgraded. A new 8.5 MW SAG mill, previously purchased, will take care of primary grinding, while secondary grinding will be carried out using a repurposed existing mill ahead of new lead and zinc flotation cells. For this, Metso will deliver 19 RCS flotation cells, each with a capacity of 100 m³. Upgrades to lead thickening and filtration, water supply and reagent circuits will also be carried out. In this area, two new VPA filters will be installed.

"A better-designed flotation circuit and more filter capacity, along with other changes, will allow for consistently higher throughput. We're proud that Metso equipment has been chosen for the expanded and improved zinc plant," stated Miguel Santos, regional sales manager from Metso.

Delivery is planned for April 2018. Both surface and underground construction are forecast to be completed by Q3 2019, and production ramp-up should be completed by the end of that year.

Caption: Metso provides C120 jaw crusher, flotation cells and filter presses for the Neves-Corvo Zinc Expansion Project.

About Somincor Neves-Corvo

Neves-Corvo is a copper and zinc mine, owned and operated by the Portuguese company Somincor, which is a subsidiary of Lundin Mining. It is situated approximately 220 km southeast of Lisbon in the Alentejo district in southern Portugal. The mine site lies some 15 km southeast of the town of Castro Verde and exploits five major orebodies from an underground mine. The ore is processed on-site, and tailings are disposed of in the Cerro de Lobo impoundment some 3 km from the plant. Concentrates are dispatched by rail and road for onward shipping to customers.

Metso is a world-leading industrial company serving the mining, aggregates, recycling, oil, gas, pulp, paper and process industries. We help our customers improve their operational efficiency, reduce risks and increase profitability by using our unique knowledge, experienced people and innovative solutions to build new, sustainable ways of growing together.

Our products range from mining and aggregates processing equipment and systems, to industrial valves and controls. Our customers are supported by a broad scope of services and a global network of over 80 service centers and about 6,000 service professionals. Metso has an uncompromising attitude towards safety.

Metso is listed on the Nasdaq Helsinki in Finland and had sales of about EUR 2.6 billion in 2016. Metso employs over 11,000 people in more than 50 countries. Expect results.

metso.com, twitter.com/metsogroup

For further information, please contact:

Miguel Santos, Regional Sales Manager, Metso, Tel. +351214388557, miguel.santos@metso.com

Helena Marjaranta, Vice President, Global Communications, Metso Corporation, tel. +358 20 484 3212, email: helena.marjaranta@metso.com

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