Outotec Oyj : Outotec agrees long-term operation and maintenance contract with ZAO Mikheevsky GOK in Russia

Outotec Oyj : Outotec agrees long-term operation and maintenance contract with
                         ZAO Mikheevsky GOK in Russia


Outotec agrees long-term operation and maintenance contract with ZAO
Mikheevsky GOK in Russia

Outotec has agreed a six year-plus service contract with ZAO Mikheevsky GOK, a
subsidiary of Russian Copper Company, for the operation and maintenance of the
Mikheevsky copper concentrator currently under construction near Chelyabinsk,
Russia. The contract value exceeds EUR 140 million, which will be gradually
booked in Outotec's order intake starting in 2013, with only a small amount in
the first year.

The operation and maintenance contract follows Outotec's earlier EUR 60
million-plus contracts from 2011, which included the process design and
engineering for the entire Mikheevsky concentrator and the delivery of the
main process equipment for flotation and dewatering, process automation,
instrumentation and electrification. Thus the combined value of Outotec
deliveries to Mikheevsky will exceed EUR 200 million.

Once operational at the end of 2013, it is planned that the concentrator will
treat 18 million tonnes of copper ore annually. The services will be provided
by approximately 100 operation and maintenance personnel located at the
Mikheevsky site and Outotec's Yekaterinburg and St. Petersburg service
centers, supported by Outotec's global organization. Outotec will also supply
spare parts, grinding media and reagents for the equipment under its scope of

In addition, Outotec will provide operation and maintenance management systems
for the concentrator, including remote monitoring combined with Outotec
Proscon® process automation. This enables efficient plant operation and
process optimization for recovery, concentrate grade and reagent consumption.
Outotec's maintenance strategy minimizes unplanned downtime and optimizes
maintenance costs.

"Over the years we have learnt to trust Outotec's technologies and expertise
in metallurgical processes and equipment. With their operational support we
can build superior operations together", says Vsevolod V. Levin, President of
Russian Copper Company.

"We are very excited about this operation and maintenance service contract
with Russian Copper Company, as it demonstrates our strategy to increase the
value to our customers through life cycle solutions. Driven by Russian Copper
Company's needs, we have designed the entire concentrating process and we have
engineered and delivered most of the process equipment. Utilizing our process
know-how, we have created the best strategy for operation and maintenance, and
we will actually operate the plant with optimal raw materials usage and
concentrate production. When Russian Copper Company cooperates with us, their
ramp-up to full production will be faster and they will get the best possible
return on their investment with minimized environmental impact. The new
concentrator operated and maintained by Outotec will produce copper
concentrate with low lifetime operating cost", says Pertti Korhonen, President
and CEO of Outotec.

For further information please contact:


Kalle Härkki, President - Services business area
Tel. +358 20529 2901

Eila Paatela, Director - Corporate Communications
Tel. +358 20529 2004, mobile +358400 817198

Emails: firstname.lastname@outotec.com

Main media


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Source: Outotec Oyj via Thomson Reuters ONE
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