Outotec to deliver ferrochrome production technology for ASA Metals in South Africa

OUTOTEC OYJ PRESS RELEASE, FEBRUARY 21, 2008 AT 10 AM

Outotec has agreed with ASA Metals (Pty) Ltd for the design and delivery of a chromite ore pelletizing plant and two Outotec preheating kilns for ASA Metals expansion project in South Africa. The value of the contract exceeds EUR 25 million.

Outotec's scope of delivery includes the license, basic engineering, supply of key equipment, supervision of installation and commissioning, as well as training of ASA Metals' production personnel. The local contractors, Pyromet and Metix, will provide the equipment outside Outotec's scope as well as construction and installation of the new plant.

ASA Metals' new plant will be based on Outotec's renowned ferrochrome process, which recently won the Cleantech® Finland 2008 award. The pelletizing section will use Outotec's SBS(TM) steel belt sintering technology and the two 66 MVA ferrochrome smelting furnaces will be equipped with OPK(TM) preheating kiln technology.

The plant is designed to produce 600,000 tonnes of chromite pellets annually and it is expected to be commissioned in the second half of 2009.

"ASA Metals' new ferrochrome plant will be already the eleventh plant using Outotec's steel belt sintering technology and the ninth plant using Outotec's preheating kiln technology in South Africa. Because of its cleanness and energy-efficiency our technology has been a success in the global market, and today it is used to produce approximately 35 per cent of the world's ferrochrome", explains Tapani Järvinen, President and CEO of Outotec.

For further information please contact:

OUTOTEC OYJ

Jorma Daavittila, Vice President - Base Metals, Ferroalloys

tel. +358 20 529 2107

e-mail jorma.daavittila(at)outotec.com

Eila Paatela, Vice President - Corporate Communications

tel. +358 20 529 2004, mobile +358 400 817198

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

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