OUTOTEC OYJ PRESS RELEASE, JUNE 25, 2008 AT 9.00 AM
Outotec and Kazgiprotsvetmet (KGCM) of Kazakhstan have signed an agreement on strategic cooperation in the marketing and providing of minerals processing and metallurgical plants and related services in Kazakhstan and the surrounding countries.
Outotec is a leading developer and supplier of proprietary technologies for the mining and metallurgical industries globally. KGCM is the leading engineering company in Kazakhstan focusing on ferrous and non-ferrous metallurgy, processing of rare metals and rare earths, gold mining and machine building. With this new strategic partnership and the combined resources of Outotec and KGCM, the companies aim to increase the number of concentrator and metallurgical plant projects and provide more versatile services to the customers in the area.
"Kazakhstan has the world's largest chromium resources as well as significant resources and production of uranium, silver, phosphorus, nickel, coal and gold. We have already cooperated with KGCM in our earlier large projects in Kazakhstan and I believe that the strategic partnership will provide us more growth opportunities," says Tapani Järvinen, CEO of Outotec.
For further information please contact:
Martti Haario, Senior Vice President - Marketing Development
tel. +358 20 529 2007
Eila Paatela, Vice President - Corporate Communications
tel. +358 20 529 2004, +358 400 817198