PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Metso Corporation

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Life-cycle Agreement with the Industry-leading Services Provider Metso Helps Alderon Achieve Their Start-up and Revenue Plans At Kami Iron Ore Project - Metso has agreed to a five year life-cycle services contract with The Kami Mine Limited Partnership, an affiliate of Alderon, with respect to the development of their Kami iron ore project located in the Western Labrador region of Canada - Metso.com
Life-cycle Agreement with the Industry-leading Services Provider Metso Helps Alderon Achieve Their Start-up and Revenue Plans At Kami Iron Ore Project

 

NewswireToday - /newswire/ - Helsinki, Finland, 2014/06/30 - Metso has agreed to a five year life-cycle services contract with The Kami Mine Limited Partnership, an affiliate of Alderon, with respect to the development of their Kami iron ore project located in the Western Labrador region of Canada - Metso.com. MEO1V.HE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Mining/Metal/Mineral Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The contract encompasses the ongoing maintenance services with respect to all the equipment in the processing area. Within this agreement Metso will also be providing spare and wear parts including Metso's patented MegalinerTM mill linings. The value of the order will not be disclosed.

"We have chosen Metso to improve overall equipment reliability, to enable a rapid ramp-up to nameplate capacity and to secure the aggressive maintenance cost targets from our feasibility study," says Tayfun Eldem, Alderon President and CEO. "This agreement presents a platform for achieving this goal and at the same time reduces capital outlay."

Metso is also the supplier of the Kami Project's most significant equipment including the AG mill, ball mill, car dumper and the primary gyratory crusher. The delivery of the production equipment is scheduled for Q4 2014.

"This important order with The Kami Mine Limited Partnership demonstrates our ability to make a real and sustainable difference to our customers' businesses. Metso is today a complete service provider and long-term service partnerships create value for both our customers and Metso. As is customary with life cycle service contracts, Metso will be fully aligned with our customer's production targets and will therefore be remunerated on a cost-per-ton of ore processed basis", says Juha Silvennoinen, President, Services business line, Mining and Construction, Metso.

The mine's estimated start-up is autumn 2016. The order will be gradually booked in Metso's order intake during the contract period.

The Agreement applies to all mechanical maintenance in the processing area and not just the equipment supplied by Metso. Metso will also provide planning, supervision, labour, hand tools and consumables to perform the preventative maintenance, normal course and peak mechanical maintenance, wear part replacements, parts management and other identified maintenance services for the equipment.

To ensure both Alderon and other customers nearby continue to receive first-class service, Metso has decided to open a local services center for mining customers in Labrador City in Canada.

Alderon is an iron ore development company based in Canada, with offices in Montreal, Vancouver, St. John's and Labrador City. The Kami Project, owned 75% by Alderon and 25% by HBIS, is located within Canada's premier iron ore district and is surrounded by three producing iron ore mines.

Metso's mining and construction professionals specialize in always bringing the right technology, processes, machinery and services to our customers in the aggregates production, construction, mining and minerals processing and in metal and waste recycling. Expect results.

Metso (metso.com) is a leading process performance provider, with customers in the mining, construction, and oil & gas industries. Our focus is on the continuous development of intelligent solutions that improve sustainability and profitability. Metso's shares are listed on the NASDAQ OMX Helsinki Ltd. Metso employs around 16,000 professionals in 50 countries. Expect results.

Contact: Juha Silvennoinen, President, Services business line, Mining and Construction, Metso
T: +358 204 842 261 - E: juha.silvennoinenmetso.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Mining/Metal/Mineral Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Metso Corporation

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Mining/Metal/Mineral articles,
CATCH Visitors via Your Competitors Announcements!


Life-cycle Agreement with the Industry-leading Services Provider Metso Helps Alderon Achieve Their Start-up and Revenue Plans At Kami Iron Ore Project

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Metso | Alderon
Publisher Contact: Press Office - Metso.com 
+358 20 484 100 metso.info[.]metso.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Metso Corporation securities in any jurisdiction including any other companies listed or named in this release.

Mining/Metal/Mineral via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Metso Corporation / Company Profile


Read Mining/Metal/Mineral Most Recent Related Newswires:

Boliden Selects Metso to Supply Equipment for A New Surface Crushing Station to Aitik Copper Mine in Sweden
Metso's Upgraded PlantTriage Software Simplifies Real-time Performance Management and Strengthens Cybersecurity
Metso Supplies Key Minerals Processing Equipment to Tibet Julong Copper for One of the Largest Greenfield Copper Projects in the World
Metso's Reliable Neles BWX Butterfly Valve Meets Requirements of Various Process Industries
Metso Introduces Integrated Approach for In-the-pit Operations
Metso Introduces Advanced Solutions for Fine Classification in Wet Minerals Processing
Rockwell Automation Outlines Steps for Achieving a Connected Mine
Metso Signs Landmark Deal with the World's Largest Copper Miner Codelco in Chile
Metso to Continue the Exclusive Lokotrack Distributor Agreement with Garriock Bros in the UK
Steel Dynamics, Inc. Wins Metals Company of the Year - Platts Global Metals Awards
Metso to Provide Crushing and Screening Plant and Life Cycle Services At Tata Steel's Sedibeng Iron Ore Mine
Metso Awarded its Largest Long-term Strategic Services Contract in North America with the World's Second Largest Producer of Soda Ash
Metso's Lokotrack® Machine Handovers During Bauma 2016 Highlight Customer Loyalty and Long Distributor Relationships
Metso Launches the N Series - A New Recycling Equipment Product Range to Offer Versatility and A Broader Choice to the Scrap Metal Industry
Metso Recognized Codelco El Teniente as the First Mining Company to Use Metso's Innovative Grinding Technology

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  Triggr & Bloom





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)