Metso Minerals has signed a contract with Arcelor Mittal Steel to supply minerals processing equipment to Kryviy Rih concentrator plants in Ukraine. The delivery will be completed by the end of 2008 with the value of the contract approximately EUR 22 million.

The order comprises minerals processing equipment supply, engineering, and supervision. Metso's solution is for their expansion and modernization of the Kryviy Rih concentrator plants. When modernized, the plants will be capable of processing more than 30 million tons of ore to produce 13.5 million tons of concentrate annually.

With 320,000 employees in more than 60 countries, Arcelor Mittal is producing 10% of the world's steel output and is recognized as the largest steel company in the world.

Metso is a global engineering and technology corporation with 2006 net sales of approximately EUR 5 billion. Its more than 26,000 employees in more than 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry, and other industries.