Outotec to deliver process equipment for Polymetal's gold project in Kazakhstan

OUTOTEC OYJ    PRESS RELEASE, JULY 12, 2016 AT 10:00 AM

Outotec to deliver process equipment for Polymetal's gold project in Kazakhstan

Outotec has been awarded a contract by Bakyrchik Mining, a subsidiary of Polymetal International Plc, for the delivery of process equipment to the gold project Kyzyl in north-eastern Kazakhstan. The parties have agreed not to disclose the contract value, but typically such scopes have been valued at approximately EUR 15-20 million. The order has been booked in Outotec's 2016 second quarter order intake.

Outotec's scope of work includes the design and delivery of grinding mills, flotation cells, thickeners, filters, process automation equipment as well as related installation supervision and commissioning services including spare parts. The new flotation plant will process annually 1.8 million tonnes of gold ore. The equipment will be delivered mostly during the second quarter of 2017.

"Outotec has a large portfolio of energy efficient process equipment for minerals processing. We are pleased to have been given the opportunity to deliver most of the main process equipment to Polymetal's flagship Kyzyl gold project", says Kalle Härkki, head of Outotec's Minerals Processing Business Unit.

For further information please contact:

OUTOTEC

Kalle Härkki, President - Minerals Processing business unit
tel. +358 40 513 3383

Eila Paatela, Director - Corporate Communications
tel. +358 20 529 2004, +358 400 817198

e-mails firstname.lastname@outotec.com

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