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Metso Corporation (NYSE:MX) Metso Corporation Company release on July 8, 2008 at 13:30 p.m.
Metso Minerals will supply minerals processing equipment to Terrane Metals Corp. for its Mt. Milligan Copper-Gold Project in British Columbia, Canada. The delivery will be completed during the third quarter of 2011. The value of the order is approximately EUR 43 million. The order is included in Metso's second quarter order backlog.
The order comprises a primary crusher, a SAG mill, two ball mills and other associated equipment. Once the Mt. Milligan Copper-Gold Project is in full operation, the average annual metal production over a 15.3 year mine life is forecast to be 88 million lb copper and 217,000 oz gold. Commercial production is scheduled for the first quarter in 2012.
Terrane Metals Corp. is an exploration and mine development company focused on the development of the Mt. Milligan copper-gold and Berg copper-molybdenum-silver projects in British Columbia, Canada.
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. www.metso.com
For further information for press, please contact:
Dave Kowalski, Senior Vice President, Sales, Mining business line, Metso Minerals, tel. +1 717 849 7278
Beny See Hoye, Manager, Global Capital Equipment Project Sales, Mining business line, Metso Minerals, tel. +1 514 908 7087
Further information for investors, please contact: Johanna Sintonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253
Metso Corporation Olli Vaartimo Executive Vice President and CFO
Kati Renvall Vice President, Corporate Communications
distribution: OMX Nordic Exchange in Helsinki Media www.metso.com
