Outotec awarded contracts for Karara Iron Ore Project, Australia

OUTOTEC OYJ  PRESS RELEASE, AUGUST 5, 2010 AT 10.00 AM

Outotec awarded contracts for Karara Iron Ore Project, Australia
          
Outotec has been awarded orders for Australia's Karara Iron Ore Project worth more than EUR 28 million. Outotec's solution includes design, supply, delivery and installation of the complete flotation circuit along with all filtration technology for the project.

The Karara Iron Ore Project located 300 km north of Perth in Western Australia is a 50:50 Joint Venture between Gindalbie Metals Ltd and Chinese steel producer, AnSteel. It is part of the development of the world-class magnetite deposit at Karara, which has the known potential for over 30 million tonnes annual processing of magnetite over its estimated 30-year life. The first phase of operation is scheduled for 2011.

"This project demonstrates the excellent fit of the Larox filtration technologies to Outotec's technology portfolio. Now we can offer larger solutions for our customers and use efficiently our global resources in sales, project delivery and services", says Outotec CEO Pertti Korhonen.

The orders are included in Outotec's 2010 second quarter order intake and backlog.

For further information please contact:

OUTOTEC

Neil Jagger, General Manager - Market Area SEAP
tel. +61 2 9984 2510

Eila Paatela, Vice President - Corporate Communications
tel. +358 20 529 2004, +358 400 817 198

e-mails firstname.lastname@outotec.com

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