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2015-09-01

Outotec Oyj: Outotec awarded a contract for iron ore beneficiation plant in Iran

OUTOTEC OYJ PRESS RELEASE SEPTEMBER 1, 2015 at 11.00 AM

Outotec awarded a contract for iron ore beneficiation plant in Iran

Outotec has been awarded a contract by Iran International Engineering Company
(IRITEC) for the delivery of process technology to Khorasan Steel Complex
Co's new iron ore beneficiation plant in Iran. Outotec's contract value is
EUR 45 million, of which approximately EUR 10 million will be booked in the
third quarter 2015 order intake.

Outotec's scope of delivery includes a complete beneficiation plant and an
entire value chain from raw material testing, process development to
concentration and dewatering. In addition, Outotec will also be responsible
for basic engineering, and supply of key process equipment, as well as
advisory services for detail engineering, construction and commissioning. The
annual capacity of the beneficiation plant will be 2.5 million tonnes of
pellet feed grade iron ore concentrate. The plant is expected to be
commissioned in 2017.

"This order is another significant milestone for Outotec in the quickly
developing Iranian iron and steel industry. Our market leading beneficiation
technologies and proprietary equipment are widely used for iron ore
processing all over the world. Customers in Iran and other iron ore producing
countries demand efficiency with minimum total cost of ownership, which
creates further opportunities for Outotec performance guaranteed solutions",
says Kalle Härkki, head of Outotec's Minerals Processing business area.

Outotec has fulfilled all current export and legal regulations and is
complying fully with them. In anticipation of possible future changes in the
regulatory framework, the order will be booked in Outotec's order backlog
gradually during 2015-2017 according to cash inflow.

For further information please contact:

OUTOTEC

Kalle Härkki, President - Minerals Processing business area
tel. +358 20 529 2700

Adel Hattab, President - EMEA region
Tel. +358 40 7517368

Eila Paatela, Director - Corporate Communications
tel. +358 20 529 2004, +358 400 817 198

e-mails firstname.lastname@outotec.com

DISTRIBUTION:
Main media
www.outotec.com

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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: Outotec Oyj via Globenewswire

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