OUTOKUMPU TECHNOLOGY TO DELIVER A PELLETIZING PLANT FOR LKAB, SWEDEN

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OUTOKUMPU OYJ   PRESS RELEASE November 17, 2004 at 10.00 am

OUTOKUMPU TECHNOLOGY TO DELIVER A PELLETIZING PLANT FOR LKAB, SWEDEN

Outokumpu Technology has signed a contract with LKAB, a leading
Swedish iron ore mining company and pellet producer, to design and
deliver a new pelletizing plant for LKAB’s Malmberget project in
Northern Sweden. The contract value exceeds EUR 60 million.
Outokumpu’s scope of the delivery consists of engineering,
procurement, construction and commissioning of the new plant, which
will be based on Lurgi Travelling Grate technology. The plant is
designed to produce 2.5 million tonnes per year iron pellets at the
start-up phase, but its capacity can be increased with only minor
modifications. The plant commissioning is scheduled for December
2006.

This is Outokumpu’s second pelletizing plant delivery to this same
customer. The former Lurgi Metallurgie, acquired by Outokumpu in
2001, built the first travelling grate pelletizing plant for LKAB in
Malmberget in 1971.

Furthermore, Outokumpu Technology and LKAB have a successful
technology partnership with development and marketing of another
innovative agglomeration process, the Steel Belt Sintering (SBSÒ),
originally invented by LKAB in Malmberget for the pelletizing of
smaller quantities of iron ore fines and later successfully applied
by Outokumpu Technology for agglomeration of chrome and niobium ores
worldwide.

For further information, please contact

Outokumpu Technology GmbH, Germany
Thomas Schwalm
tel. +49 6171 9693 197

Outokumpu Technology Oy, Finland
Martti Nurmisalo
tel. +358 9 421 2664

Outokumpu Technology AB, Sweden
Jan H Nilsson
tel. +46 91087622

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