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Metso Corporation : Metso to supply mining equipment to OAO Severstal's Olkon mine in Russia

Metso Corporation : Metso to supply mining equipment to OAO Severstal's Olkon
                                mine in Russia

Metso Corporation's press release on January 23, 2013 at 11:00 a.m. local time

The high-capacity drying system will improve mine performance

Metso will supply OAO Severstal with a complete rotary drying system for their
iron ore plant upgrade project at the Olkon mine in Olenegorsk, Russia. The
high-capacity single-line system will replace multiple existing rotary dryers.
Metso's delivery also includes a modern automation system, which will enable
tighter control of the process. The value of the order will not be disclosed.

The new drying system will improve the mine's performance by incorporating the
use of the most modern technologies in air filtration and burner management.
This will result in lower fuel consumption, operational and maintenance costs,
as well as minimize particulate emissions. 

"We decided to choose Metso, since they offered the best balance of cost and
technical solutions," says Pavel Lezhnev, Purchasing Director at OAO
Severstal. "New equipment will not only improve our performance, but also
increase energy efficiency and environmental performance, which are also very
important for us", he adds.

"Olkon's existing equipment for iron ore drying had reached its service
lifetime. Olkon chose Metso to provide the best solution for their
application, based on our ability to design and supply optimized drying
technology with enhanced efficiency," says Sales Engineer Michael Schiefer at
Global Product Sales, Pyro, Mining and Construction, Metso.

"Our longstanding relationship with Olkon, our ability to meet modern
operational requirements and the close cooperation in the process design of
this project also contributed to Olkon's decision to choose Metso as the
supplier for the equipment. Furthermore, Metso was the only supplier with the
ability to offer a very high-capacity single-line system," says Yuri Pedan,
Key Account Manager, Russia, Mining and Construction, Metso.

Metso's drying system will dry high-grade iron ore concentrate at a rate of
625 metric tons per hour in one processing line. The delivery consists of a
direct-fired rotary dryer, including process and equipment design, firing
system, air pollution control equipment, instrumentation, plant control
system, and project management.

The delivery is included in Mining and Construction fourth quarter 2012 orders
received. The delivery will be completed by the fourth quarter of 2013.

OAOSeverstal is one of the world's leading vertically integrated steel and
steel-related mining companies, with assets in Russia, the USA, the Ukraine,
Latvia, Poland, Italy, Liberia and Brazil. Severstal's crude steel production
in 2011 reached 15.3 million tons.

Metso's mining and construction professionals specialize in always bringing
the right technology, processes, machinery and services to our customers in
the aggregates production, construction, mining and minerals processing.

www.metso.com/miningandconstruction

Metso is a global supplier of technology and services to customers in the
process industries, including mining, construction, pulp and paper, power, and
oil and gas. Our 30,000 professionals based in over 50 countries deliver
sustainability and profitability to customers worldwide. Expect results.

www.metso.com , www.twitter.com/metsogroup

For further information, please contact:

Yuri Pedan, Key account manager, Mining and Construction, Metso, tel. +7 985
977 50 87, yuri.pedan@metso.com

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Source: Metso Corporation via Thomson Reuters ONE
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