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Metso Corporation: Metso is supplying key minerals processing equipment to Tibet Julong Copper for one of the largest greenfield copper projects in the world

Metso is supplying key minerals processing equipment to Tibet Julong Copper
for one of the largest greenfield copper projects in the world

Metso Corporation's press release on October 17, 2016 at 1:00 p.m. EET

The full delivery of minerals processing equipment to the Qulong copper mine
covers engineering, a full scope of advanced minerals processing equipment
and advanced process control system including 6 crushers, 8 semi-autogenous
grinding mills and 8 ball mills, 8 stirred mills, 4 vertical plate pressure
filters and 16 vibrating screens, as well as related services like
installation, start-up, commissioning and technical direction. The total
value of the contracts is not disclosed. Metso has already booked EUR 51
million in the second quarter of 2015 and the rest is expected to be booked
during 2016-18.

The Qulong copper mine, owned and operated by Tibet Julong Copper Co. Ltd.,
has a proven copper metal reserve of more than 7 million tons. The in-the-pit
mining and concentrator operations will be located on the Qinghai-Tibet
Plateau. The mine is built in three phases during 2016 - 2018. After its
completion, the mine will be China's largest and most modern copper mine with
an annual design production capacity of 560 000 tons of copper and a daily
processing capacity of 300 kilotons of ore. The mine is estimated to be in
production in 2018.

Sustainable processes

"Qulong has huge ore reserves. Our target is to build the world's leading mine
with sustainable mining and minerals processing operations using the most
advanced equipment and processes in the world. We aim for high productivity
and low cost in the most environmentally friendly way possible. The
dedication Metso has shown to the project has been incredible and has assured
us that Metso employees regard our aims as their own. We are impressed with
Metso's industry-leading, energy-saving solutions and sustainable
optimization services. This, combined with Metso's strong local presence and
knowledge, is the reason why we chose Metso to supply the equipment for the
critical processes." saysMr. Xiao
, President of Tibet Julong Copper Co. Ltd.

"We are very proud to be the supplier of key comminution and process
equipment for this unique project. We have a track record of delivering what
we promise to our customers and we have excellent project management
capabilities to execute projects for logistically difficult high altitude
locations. During the process of winning this order we have yet again been
able to demonstrate our core values of customer centricity and teamwork,"
saysJoao Colagrossi
, President, Minerals Capital business area at Metso.

Tibet Julong Copper Co.

Tibet Julong Copper Co. Ltd., founded in 2006, is a privately owned company
headquartered in Lhasa, the capital of the Tibet Autonomous Region, with
registered capital of 3.5 billion RMB. The company owns the Qulong and
Zhibula copper mines, both located in Maizhokunggar County.

Metso is a world leading industrial company serving the mining, aggregates,
recycling, oil, gas, pulp, paper and process industries. We help our
customers improve their operational efficiency, reduce risks and increase
profitability by using our unique knowledge, experienced people and
innovative solutions to build new, sustainable ways of growing together.

Our products range from mining and aggregates processing equipment and systems
to industrial valves and controls. Our customers are supported by a broad
scope of services and a global network of over 80 service centers and about
6,400 services professionals. Metso has an uncompromising attitude towards

Metso is listed on the NASDAQ OMX Helsinki, Finland, and had net sales of
about EUR 2.9 billion in 2015. Metso employs approximately 12,000 persons in
more than 50 countries. Expect results.,

For further information, please contact:

Xiaofeng Liang, Senior Vice President, Metso, China Market Area, Tel.+86 10
65666600, Email:

Helena Marjaranta, Vice President, Global Communications, Metso Corporation,
Tel. +358 20 484 3212, Email:


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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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