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Metso Corporation (NYSE:MX) Metso Corporation Press release on July 1, 2008 at 13.00 p.m.
Metso Minerals will supply crushing, screening and feeding equipment to Anglo American-MMX for its Minas Rio Project located in the Minas Gerais state in Brazil. The delivery will be completed by the end of 2009. The value of the order is approximately EUR 7 million.
The order comprises two jaw crushers, four cone crushers, screens and feeders. The order also includes start up and commissioning services. This order is a continuation of a larger minerals processing equipment order from Metso last year for the same project. The previous order was included in 2007 orders received but has not been disclosed before.
The Minas-Rio iron ore project will comprise a mine and beneficiation plant producing pellet feed. The project is estimated to begin production during the first half of 2010 with potential production capacity of 26.5 million tons of iron ore per year. Anglo American acquired the Minas Rio project from MMX on late March, 2008.
Anglo American plc is one of the world's largest mining and natural resource groups. With its subsidiaries, joint ventures and associates, it is a global leader in platinum group metals and diamonds, with significant interests in coal, base and ferrous metals, as well as an industrial minerals business. The Group has operations in Africa, Europe, South and North America, Australia and Asia.
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: Eduardo Kubric, Executive Sales Manager, Brazil, Mining business line, Metso Minerals, tel. +55 15 2102 1636
