2013-01-23 10:04:57 -

Metso Corporation's press release on January 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 for their
iron ore plant upgrade project at the Olkon mine in Olenegorsk, Russia. The
high-capacity single-line system will replace multiple existing rotary dryers.
Metso's delivery also includes a modern automation system, which will enable
tighter control of the process. The value of the order will not be disclosed.

The new drying system will improve the mine's performance by incorporating the
use of the most modern technologies in air filtration and burner management.
This will result in lower fuel consumption, operational and maintenance costs,
as well as minimize particulate emissions.

"We decided to choose Metso, since they offered the   best balance of cost and
technical solutions," says Pavel Lezhnev, Purchasing Director at OAO Severstal.
"New equipment will not only improve our performance, but also increase energy
efficiency and environmental performance, which are also very important for us",
he adds.

"Olkon's existing equipment for iron ore drying had reached its service
lifetime. Olkon chose Metso to provide the best solution for their application,
based on our ability to design and supply optimized drying technology with
enhanced efficiency," says Sales Engineer Michael Schiefer at Global Product
Sales, Pyro, Mining and Construction, Metso.

"Our longstanding relationship with Olkon, our ability to meet modern
operational requirements and the close cooperation in the process design of this
project also contributed to Olkon's decision to choose Metso as the supplier for
the equipment. Furthermore, Metso was the only supplier with the ability to
offer a very high-capacity single-line system," says Yuri Pedan, Key Account
Manager, Russia, Mining and Construction, Metso.

Metso's drying system will dry high-grade iron ore concentrate at a rate of 625
metric tons per hour in one processing line. The delivery consists of a direct-
fired rotary dryer, including process and equipment design, firing system, air
pollution control equipment, instrumentation, plant control system, and project
management.

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

OAO Severstal is one of the world's leading vertically integrated steel and
steel-related mining companies, with assets in Russia, the USA, the Ukraine,
Latvia, Poland, Italy, Liberia and Brazil. Severstal's crude steel production in
2011 reached 15.3 million tons.

Metso's mining and construction professionals specialize in always bringing the
right technology, processes, machinery and services to our customers in the
aggregates production, construction, mining and minerals processing.

www.metso.com/miningandconstruction

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

www.metso.com , www.twitter.com/metsogroup

For further information, please contact:

Yuri Pedan, Key account manager, Mining and Construction, Metso, tel.
+7 985 977 50 87, yuri.pedan@metso.com



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Source: Metso Corporation via Thomson Reuters ONE
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