HELSINKI, Finland, April 14, 2015 (GLOBE NEWSWIRE) -- Metso has signed a three-year life-cycle service agreement with the Kevitsa copper and nickel mine in Sodankylä, Finland. Kevitsa is owned by First Quantum Minerals Ltd (FQM), a Canada originated corporation. Metso commits to reduce production downtime associated with mill liner changes and maximize grinding efficiency over the life of the contract. The value of the order has not been disclosed.
Metso will take complete responsibility for the supply, installation and optimization of Kevitsa mine's mill liners. Metso and Kevitsa's common goal is to increase the mill's availability, production efficiency and reduce the total cost of ownership so as to help increase mine profitability.
"This solution will raise our utilization rate to a new level and will contribute significantly our sustainable competitiveness in the challenging market situation," says Timo Ikäheimonen, Planning Manager at FQM's Kevitsa Mine.
As part of the life-cycle service agreement, Metso aims to increase the time between shutdowns through optimization of wear parts selection as well as decreasing the duration of shutdowns. Metso will reduce shutdown times through advanced planning and the delivery of its patented Megaliner(TM) grinding mill wear parts. Thanks to the fast installation process of Metso's Megaliner downtime is reduced. Additionally, the use of Megaliner parts in grinding mills increases work safety as the attachment parts are inserted from the outside of the mill. With this set-up there is no need for the workers to be in the danger-zone of the liners while installing liner bolts.
"With this FQM Kevitsa mine's cooperation agreement, we aim to reduce the concentrator plant downtime, secure availability and commit ourselves to the continuous development of enhancing the plant's operations," says Olli Kellokumpu, Sales Director, Finland, Minerals, Metso.
Installation will begin in the latter part of 2015. The agreement will be booked in phases into Metso's orders received throughout the term of the agreement.
First Quantum Minerals Ltd. is an established and rapidly growing mining and metals company with seven mines and five developing projects around the world. The company produces copper, nickel, gold, zinc and platinum-group elements. Upon completion, developing projects in Zambia, Panama and Peru will increase FQM's annual copper production capacity to more than 1.3 million tons.
Metso is the world's leading industrial company in the mining and aggregates industries and in the flow control business. Our knowledge, people and solutions help drive sustainable improvements in performance and profitability in our customers' businesses.
Metso has an uncompromising attitude towards safety. Our products range from mining and construction equipment and systems to industrial valves and controls. Our solutions are delivered and supported by decades of process knowledge and a broad scope of services backed by a global footprint of over 90 service centers, thousands of service employees, and an extensive logistics network.
Metso is listed on the NASDAQ OMX Helsinki, Finland. In 2014, Metso's net sales totaled EUR 3.7 billion. Metso employs approximately 14,000 industry experts in more than 50 countries. Expect results.
For further information, please contact:
Olli Kellokumpu, Sales Director, Finland, Minerals, Metso, Tel. +358 50 354 1189, Email: email@example.com
Jussi Ollila, Vice President, Global Communications, Metso Corporation, Tel. +358 20 484 3212, Email: firstname.lastname@example.org
In the picture: Metso MegalinerTM
Metso Megaliner http://hugin.info/3017/R/1910997/681681.jpg