Outotec to deliver concentrator technology for Hellas Gold in Greece

OUTOTEC OYJ STOCK EXCHANGE RELEASE, OCTOBER 16, 2007 AT 1.15 PM

Outotec has been awarded a contract by Hellas Gold S.A. for the supply of a large technology package for Hellas Gold's copper-gold concentrator plant in Skouries in Northern Greece. The total contract value exceeds EUR 30 million.

Hellas Gold owns three major gold and base metal deposits in Northern Greece which are the polymetallic deposit at Stratoni, the Olympias deposit containing gold, zinc, lead and silver, and the Skouries copper-gold-porphyry deposit.

Outotec's delivery for the Skouries project covers proprietary technologies for grinding, flotation, thickening and automation including engineering and commissioning services. Most of the deliveries will be completed during 2009.

"This is a significant order for our Minerals Processing division. The project demonstrates our capabilities to integrate different process sections and technologies as well as to engineer and deliver large technology packages for concentrators and thus ensure the best recoveries from each raw material", says Tapani Järvinen, President and CEO of Outotec. 

For further information please contact:

OUTOTEC OYJ

Jari Rosendal, President - Minerals Processing division

tel. +358 20 529 2700, mobile +358 40 595 1456

e-mail: jari.rosendal(at)outotec.com

Eila Paatela, Vice President - Corporate Communications

tel. +358 20 529 2004, mobile +358 400 817 198

e-mail eila.paatela(at)outotec.com

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