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Metso signs its largest ever services agreement with Russian Copper Company

Metso signs its largest ever services agreement with Russian Copper Company 
HELSINKI, FINLAND -- (Marketwired) -- 04/19/13 --  
Metso Corporation's press release on April 19, 2013 at 9:30 a.m.
local time 
Metso's complete services offering now also includes grinding media 
Metso has agreed to a six and a half year life-cycle services
contract with ZAO
Russian Copper Company (RMK), for their Mikheevsky
copper concentrator in the
Chelyabinskya region in southwestern
Russia. The contract encompasses a total
comminution solution from
process assistance to complete maintenance services
which will also
include grinding media. 
The new agreement is an extension to an earlier services contact
signed in 2011, making it the largest ever services agreement for
Metso. The value of this
addition is over EUR 140 million. 
"This significant order with Russian Copper Company demonstrates our
ability to make a true and sustainable difference to our customers'
businesses. Metso is
today a complete service provider and long-term
service partnerships create value for both our customers and Metso.
By adding grinding media to our services
portfolio we can strengthen
our position and offering to our customers even further", says Andrew
Benko, President, Mining and Construction, Metso. 
"We have been working with Metso to build both of our copper mines
Mikheevsky
and Tominsky, and the cooperation has thus far proven to
be very successful.
They have helped us choose the correct equipment,
they have the capability to
help us optimize the comminution circuit
and the best people available to support us. By this new contract we
continue our effective cooperation with Metso", says Vsevolod Levin,
President of Russian Copper Company. 
The new agreement will help optimize the productivity of the
Mikheevsky GOK copper mine 
The life-cycle services contract between Metso and the Russian Copper
Company
includes grinding media together with the comminution circuit
maintenance and
operational services. The services will be provided by
approximately 85 operation and maintenance specialists and by our
full dedicated product and process support team located at the
Mikheevsky site and Metso's service hubs in Russia. Within this
agreement Metso will also provide the initial fil
l grinding
media,
continuous supply inventory and application support for process
optimization. As is customary with life cycle service contracts,
Metso will be
fully aligned with our customer's production targets
and will therefore be remunerated on a cost-per-ton of ore processed
basis. 
"After signing this new contract, Metso is now responsible for the
total comminution solution services at the Mikheevsky GOK mine
including crushers,
grinding mills, crusher and mill linings,
maintenance services, operations and
grinding media. This together
with the support of our Process Technology and
Innovation experts
increase RCC's productivity and reduce their overall cost. We will
draw from our vast global experience with similar type of operations
and
guarantee a high level of service to Mikheevsky GOK", says Joao
Ney Colagrossi,
President, Services business line, Mining and
Construction, Metso. 
Planning and development is well underway with start-up targeted in
the last
quarter of 2013, after which Metso will maintain and assist
in the operation of RCC's comminution circuit for 6 1/2 continuous
years.  The order will be gradually booked in Metso's order intake,
the first year's annual value of the
additional agreement and the
initial fill and inventory will be included in the
first quarter 2013
orders received. 
Mikheevsky GOK is a greenfield project by ZAO Russian Copper Company
(RMK), which is Russia's third largest copper producer. Once
operational at the end of 2013, the mine will treat 18 million tons
of copper ore annually. The company
was founded in 2004. It produces
copper concentrate, copper cathodes and copper
rods from mineral and
secondary raw materials. 
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 and in metal
and waste recycling. Expect results.
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 contribute to
sustainability and deliver profitability
to customers worldwide. Metso's shares
are listed on the NASDAQ OMX
Helsinki Ltd. 
www.metso.com, www.twitter.com/metsogroup 
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants
that: 
(i) the releases contained herein are protected by copyright and    
other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and     
originality of the information contained therein. 
Source: Metso Corporation via Thomson Reuters ONE 
[HUG#1694379] 
For further information, please contact: 
Joao Ney Colagrossi
President, Services business line, Mining and Construction
Metso
tel. +55 15 2102 1301 
Simon Pelletier
Senior Vice President Life Cycle Services, Mining and Construction
Metso
tel. +1 514 485-4180 
Alexey Muzychkin
Vice President, Russia & CIS, Mining and Construction
Mets
tel. +7 495 915 29 30