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2015-04-14

Metso Corporation: Metso signs three-year life-cycle agreement with Kevitsa mine in Finland

Metso signs three-year life-cycle agreement with Kevitsa mine in Finland

Metso commits to
continuous process optimization to maximize Kevitsa's availability and
production efficiency

Metso Corporation's press release on April 14, 2015 at 2:30 p.m. EEST

Metso has signed a three-year life-cycle service agreement with the Kevitsa
copper and nickel mine in Sodankylä, Finland. Kevitsa is owned by First
Quantum Minerals Ltd (FQM), a Canada originated corporation. Metso commits to
reduce production downtime associated with mill liner changes and maximize
grinding efficiency over the life of the contract. The value of the order has
not been disclosed.

Metso will take complete responsibility for the supply, installation and
optimization of Kevitsa mine's mill liners. Metso and Kevitsa's common goal
is to increase the mill's availability, production efficiency and reduce the
total cost of ownership so as to help increase mine profitability.

"This solution will raise our utilization rate to a new level and will
contribute significantly our sustainable competitiveness in the challenging
market situation," says Timo Ikäheimonen, Planning Manager at FQM's Kevitsa
Mine.

As part of the life-cycle service agreement, Metso aims to increase the time
between shutdowns through optimization of wear parts selection as well as
decreasing the duration of shutdowns. Metso will reduce shutdown times
through advanced planning and the delivery of its patented Megaliner(TM)
grinding mill wear parts. Thanks to the fast installation process of Metso's
Megaliner downtime is reduced. Additionally, the use of Megaliner parts in
grinding mills increases work safety as the attachment parts are inserted
from the outside of the mill. With this set-up there is no need for the
workers to be in the danger-zone of the liners while installing liner bolts.

"With this FQM Kevitsa mine's cooperation agreement, we aim to reduce the
concentrator plant downtime, secure availability and commit ourselves to the
continuous development of enhancing the plant's operations," says Olli
Kellokumpu, Sales Director, Finland, Minerals, Metso.

Installation will begin in the latter part of 2015. The agreement will be
booked in phases into Metso's orders received throughout the term of the
agreement.

First Quantum Minerals Ltd. is an established and rapidly growing mining and
metals company with seven mines and five developing projects around the
world. The company produces copper, nickel, gold, zinc and platinum-group
elements. Upon completion, developing projects in Zambia, Panama and Peru
will increase FQM's annual copper production capacity to more than 1.3
million tons.

Metso is the world's leading industrial company in the mining and aggregates
industries and in the flow control business. Our knowledge, people and
solutions help drive sustainable improvements in performance and
profitability in our customers' businesses.

Metso has an uncompromising attitude towards safety. Our products range from
mining and construction equipment and systems to industrial valves and
controls. Our solutions are delivered and supported by decades of process
knowledge and a broad scope of services backed by a global footprint of over
90 service centers, thousands of service employees, and an extensive
logistics network.

Metso is listed on the NASDAQ OMX Helsinki, Finland. In 2014, Metso's net
sales totaled EUR 3.7 billion. Metso employs approximately 14,000 industry
experts in more than 50 countries. Expect results.

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

For further information, please contact:

Olli Kellokumpu, Sales Director, Finland, Minerals, Metso, Tel. +358 50 354
1189, Email: olli.kellokumpu@metso.com

Jussi Ollila, Vice President, Global Communications, Metso Corporation, Tel.
+358 20 484 3212, Email: jussi.ollila@metso.com

In the picture: Metso MegalinerTM

Metso Megaliner
http://hugin.info/3017/R/1910997/681681.jpg

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Metso Corporation via Globenewswire

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