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Metso Signs Service Contract with Codelco in Chile

August 8, 2007

Metso Minerals has signed a contract with Codelco, the Chilean national mining company for on-site service and parts supply at Codelco's Andina Divisions' process plant, Northeast of Santiago, Chile. The value of the service contract over five years totals approximately EUR 13 million.

Metso's service team of over 100 employees will service Andina's process plant, which processes copper ore from two local mines. The service contract includes plant maintenance services for Metso and third-party equipment, process optimization services, wear parts replacement on crushers and grinding mills, parts supply, service tools, vehicles, and labor.

Codelco's Andina Division produces some 248,137 tons of copper concentrate per year. The service contract will help Codelco increase production at Andina's process plant by extending wear-life and uptime and improving the overall production process.

For more information, visit www.metso.com.