Home News 2008 Outotec to deliver concentrator technology worth over 175 million euro for the Miheevsky project in Russia
October 3, 2008 03:00:00 PM CET

Outotec to deliver concentrator technology worth over 175 million euro for the Miheevsky project in Russia

OUTOTEC OYJ STOCK EXCHANGE RELEASE, OCTOBER 3, 2008 AT 3.00 PM

Outotec to deliver concentrator technology worth over 175 million
euro for the Miheevsky project in Russia

Outotec has signed a major contract with ZAO Miheevsky GOK, a
subsidiary of Russian Copper Company, for the design and delivery of
a new copper concentrator plant for the Miheevsky porphyry-copper
project located in Chelyabinsk, Russia. The contract value exceeds
EUR 175 million. Russian Copper Company will implement the
construction of the Miheevsky mine based on project financing.

Outotec's scope of delivery covers engineering for the whole
concentrator plant, supply of major process equipment in six delivery
packages, spare parts and training as well as site supervision
services for installation and start-up. The concentrator equipment
will include among others two large semi-autogenous (SAG) grinding
mills each with a diameter of 36 feet, and twelve world's largest
TankCell(r) 300 flotation machines. The equipment deliveries will
take place during 2010 and 2011.

The Miheevsky concentrator plant is planned to treat annually 20
million tons of copper ore and it is expected to be commissioned in
early 2012.

The order will be booked in Outotec's order backlog gradually along
with the initiation of each delivery lot with approximately EUR 30
million during the fourth quarter of 2008."Outotec has been a long-term strategic partner for Russian Copper
Company, which is the third largest copper producer in Russia. We
have designed and delivered their two concentrators at Aktobe in
Kazakhstan. Our cooperation continues now with this notable project
in Russia, where Russian Copper Company already operates two smaller
concentrator plants, three metallurgical plants and a solvent
extraction and electrowinning plant. Equipment for these plants was
delivered mainly by Outotec. In addition to this new Miheevsky
concentrator, we are also currently delivering for the same project a
solvent extraction and electrowinning plant to treat a layer of oxide
ore", says Tapani Järvinen, President and CEO of Outotec.


For further information please contact:

OUTOTEC OYJ

Jari Rosendal, President - Minerals Processing division
tel. +358 20 529 2700, +358 40 595 1456
e-mail jari.rosendal(at)outotec.com

Eila Paatela, Vice President - Corporate Communications
tel. +358 20 529 2004, +358 400 817 198
e-mail eila.paatela(at)outotec.com


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