Metso Corporation's press release on July 19, 2011 at 09:30 a.m. local time
Metso has signed a contract with Northland Resources AB for a five-year mill lining service and inspection program for the Kaunisvaara project in northern Sweden. The contract complements previous project orders by Northland Resources, announced by Metso earlier this year. The value of the order is EUR 19 million and it will be included in Mining and Construction Technology's second quarter 2011 orders received.
The Metso Life-Cycle Services (LCS) program at Kaunisvaara includes both the supply and installation of mill liners and technical and maintenance support for the semi-autogenous mill on the Tapuli process line. Metso's on-site resources will also conduct liner inspections to maximize mill availability. The contract period will commence when installation of the Tapuli process line is completed at the end of 2012.
'We're pleased to have concluded this contract as it maximizes the availability of our grinding line,' says Shane Williams, Vice President, Projects, Northland Resources AB. 'As this is a cost-per-tonne contract, we'll be able to forecast expenditure over extended periods of time. It will be a very useful asset in view of the total investment involved.'
'We embrace the opportunity to partner with Northland in a five-year LCS commitment,' says João Ney Colagrossi, President of Services business line, Metso. 'The speed at which operations at Kaunisvaara are progressing is impressive and we are looking forward to a rewarding working relationship with Northland Resources.'
The scope of service for the LCS program at Kaunisvaara consists of Metso Poly-Met mill liners, liner handlers and essential tools, technical assistance including maintenance and shutdown planning, as well as monthly audits and annual inspection services for the Tapuli grinding mill.
Metso LCS programs deliver high levels of service by drawing on the Metso Group's extensive technical expertise and vast global experience with similar operations.
Northland Resources is a development-stage mining company with a portfolio of iron ore projects in Northern Sweden and Finland. The company's Kaunisvaara project will exploit magnetite iron ore deposits, feeding a single, multi-line processing facility in Sweden. The process yields high-grade, high-quality magnetite iron concentrate.
Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 28,500 employees in more than 50 countries. www.metso.com
For further information for the press, please contact:
Andrew Benko, President, Mining and Construction Technology, Metso, tel. +1 717 495 0509
Alf Rydberg, Commercial Manager, Mining and Construction Technology, Metso, tel. +46 705 245837
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