Metso to Supply Mining Equipment to OAO Severstal's Olkon Mine in Russia

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HELSINKI, FINLAND--(Marketwire - Jan 23, 2013) - Metso Corporation's press release onJanuary 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 fortheiriron ore plant upgrade project at the Olkon mine in Olenegorsk, Russia. Thehigh-capacity single-line system will replace multiple existing rotarydryers.Metso's delivery also includes a modern automation system, which willenabletighter control of the process. The value of the order will not bedisclosed.

The new drying system will improve the mine's performance by incorporatingtheuse of the most modern technologies in air filtration and burnermanagement.This will result in lower fuel consumption, operational and maintenancecosts,as well as minimize particulate emissions.

"We decided to choose Metso, since they offered the best balance of costandtechnical solutions," says Pavel Lezhnev, Purchasing Director at OAOSeverstal."New equipment will not only improve our performance, but also increaseenergyefficiency and environmental performance, which are also very important forus",he adds.

"Olkon's existing equipment for iron ore drying had reached its servicelifetime. Olkon chose Metso to provide the best solution for theirapplication,based on our ability to design and supply optimized drying technology withenhanced efficiency," says Sales Engineer Michael Schiefer at GlobalProductSales, Pyro, Mining and Construction, Metso.

"Our longstanding relationship with Olkon, our ability to meet modernoperational requirements and the close cooperation in the process design ofthisproject also contributed to Olkon's decision to choose Metso as thesupplier forthe equipment. Furthermore, Metso was the only supplier with the ability tooffer a very high-capacity single-line system," says Yuri Pedan, KeyAccountManager, Russia, Mining and Construction, Metso.

Metso's drying system will dry high-grade iron ore concentrate at a rate of625metric tons per hour in one processing line. The delivery consists of adirect-fired rotary dryer, including process and equipment design, firingsystem, airpollution control equipment, instrumentation, plant control system, andprojectmanagement.

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

OAO Severstal is one of the world's leading vertically integrated steel andsteel-related mining companies, with assets in Russia, the USA, theUkraine,Latvia, Poland, Italy, Liberia and Brazil. Severstal's crude steelproduction in2011 reached 15.3 million tons.

Metso's mining and construction professionals specialize in always bringingtheright technology, processes, machinery and services to our customers in theaggregates production, construction, mining and minerals processing.

www.metso.com/miningandconstruction

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

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Source: Metso Corporation via Thomson Reuters ONE

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Contact:
For further information, please contact:

Yuri Pedan
Key account manager
Mining and Construction
Metso
tel. +7 985 977 50 87
Email Contact

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