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Metso Corporation (NYSE:MX) Metso Corporation Company release on July 16, 2008 at 2.00 p.m.
Metso Minerals will supply grinding equipment to Minera Petaquilla, S.A. in Panama for its Petaquilla copper mine, located approximately 100 kilometers west of the Panama Canal. The delivery will be completed by the middle of 2011. The value of the order is approximately EUR 48 million. The order is included in Metso's second-quarter order backlog.
The order comprises two SAG mills of 38 ft in diameter by 24.8 ft in length and four ball mills of 24 ft in diameter and 40.5 ft in length. The order also includes auxiliary equipment and spare parts.
Minera Petaquilla, S.A. is a joint venture company developing its deposit in the Republic of Panama. The company is owned by Inmet Mining Corporation, Petaquilla Copper Ltd. and Teck Cominco Ltd.
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
Further information for the press, please contact: Dave Kowalski, Senior Vice President, Sales, Mining business line, Metso Minerals, tel. +1 717 849 7278 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
