Metso Corporation issues an EUR 400 million 7-year Eurobond under the company's EMTN (Euro Medium Term Note) program. The notes carry a fixed coupon of 2.75 percent. The issue was substantially oversubscribed with around EUR 1.5 billion of orders, and the bond was allocated to about 170 investors. An application will be made for a listing of the notes on the Luxembourg Stock Exchange, where the EMTN program is currently listed.
Aiming to significantly improve the quality of iron ore produced, Metso will deliver a complete minerals processing system to Ferrexpo Poltava Mining Company in Ukraine. The value of the order is EUR 67 million, including previously signed two orders worth EUR 36 million.
Metso is expanding its rubber mill lining production capacity globally by investing in new presses to meet the growing demand in the global mining market. After completing the investment in 2015, Metso's global rubber mill linings production capacity at the existing wear part manufacturing plants will increase by 30 per cent.
Metso's Mining and Construction segment is purchasing technology and know-how from Jacobs Engineering Group, Inc. (Jacobs) for their Straight Grate Iron Ore Pelletizing technology.
Metso and Wärtsilä have received the necessary regulatory approvals from the European Commission to close the initiated ownership changes of MW Power Oy.
Metso will supply world's biggest fully mobile, track-mounted crushing plant to Altay Polimetally LLP copper mine in Kazakhstan. The contract also includes large mobile feeding and conveying systems to move the crushed copper ore for further processing, and installation supervision and training.
Metso has signed a contract with Codelco, Chile's State-owned mining company, to supply big cone crushers for a process improvement project in the Chuquicamata division. The contract also includes an automatic control system for crushers delivered by Metso.
Metso has signed a contract with MMX mining company in Brazil containing vertical grinding technology. Metso's 14 vertical grinding mills will be assembled to the expansion of the Serra Azul iron ore project, located in São Joaquim de Bicas, Brumadinho and Igarapé, in the state of Minas Gerais, south-eastern Brazil.
Metso will supply a complete set of mineral processing equipment for a Greenfield iron ore beneficiation plant to be built in Saraikela district of Jharkhand in Eastern India.
