Home News 2008 Outotec's project for Russian Copper Company's Miheevsky concentrator suspended
October 28, 2008 04:00:00 PM CET

Outotec's project for Russian Copper Company's Miheevsky concentrator suspended

OUTOTEC OYJ STOCK EXCHANGE RELEASE, OCTOBER 28, 2008 AT 4.00 PM

Outotec's project for Russian Copper Company's Miheevsky concentrator
suspended

Russian Copper Company (RCC) has decided to suspend its Miheevsky
porphyry copper project located in Russia due to difficulties in
arranging financing for the project.

Outotec announced on October 3, 2008 its contract to deliver
concentrator technology for the Miheevsky project worth over EUR 175
million. The order was intended to 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.
The order has not been included in Outotec's order backlog so far.

According to RCC, the project will be re-started when external
project funding is available again. The parties have now agreed to
suspend the project for undetermined time. The suspension will not
affect Outotec's outlook for 2008.


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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