:: Outokumpu Technology Win Three Major Grinding Mill Orders

Outokumpu Technology will supply grinding technology worth EUR 16 million to three large mining projects.

OneSteel's Project Magnet in South Australia processes magnetite iron ore to be used as raw material in steel production. Outokumpu Technology will design and deliver a ball mill for the project and provide installation, commissioning, maintenance and spare parts support. The delivery is scheduled for mid 2006.

The second large mill delivery goes to Lihir gold mine in Papua New Guinea. New ball and SAG mills will be designed, manufactured and installed by Outokumpu Technology as part of the expansion of the Lihir gold mine. Lihir Gold has one of the world's largest gold resources. The contract is scheduled for completion by April 2006.

Thirdly, Outokumpu Technology will deliver primary and secondary mills including installation and commissioning to Mototolo project in South Africa. Anglo PLatinum and Xstrata Alloys have formed the Mototolo Joint Venture to develop a platinum group metals (PGM) mine concentrator in Mpumalanga, South Africa. The project is expected to produce approximately 132,000 ounces of platinum and 82,000 ounces of palladium in concentrate per annum. Initial production of PGM ounces is anticipated in the last quarter of 2006.