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2007-07-12 09:20:06 CEST 2007-07-12 09:20:06 CEST REGULATED INFORMATION Larox Oyj - Company AnnouncementLAROX TO SUPPLY FILTERS TO TALVIVAARA MINELAPPEENRANTA, FINLAND - July 12, 2007 - Larox and Talvivaara Project Ltd have agreed filter deliveries to the Talvivaara mine to be built in Sotkamo, Finland. Total value of this so far biggest single contract for Larox is approximately 10 million euros and includes several units of Pannevis Horizontal Vacuum Belt Filters with auxiliaries. Delivery will be in two phases during the years 2008 and 2009. The Talvivaara deposits comprise one of the largest known sulphide nickel resources in Europe with 266 million tonnes of ore in measured and indicated resources sufficient to support anticipated production of 24 years expected to start in late 2008. Expected annual nickel output will be approximately 33,000 tonnes. As by-products of the process, the mine is also expected to produce approximately 60,000 tpa of zinc, approximately 10,000 tpa copper and approximately 1,200 tpa of cobalt. Talvivaara is using bioheapleaching technology to extract metal out of ore. The process harnesses locally occurring bacteria. The agreed deliveries to Talvivaara are a proof of strong investment activity in filters in mining industry. Positive demand for metals that is expected to continue strong is the main driver for investment decisions. The received orders strengthen further Larox's position as one of the world's leading filtration solution providers for the mining and metallurgical industries. For further information please contact: Larox Corporation Mr. Toivo Matti Karppanen, President & CEO Phone: +358 5 6688 210 or Mr. Mikko Häkämies, Chief Communications Officer Phone: +358 5 6688 232 E-mail: firstname.lastname@larox.com DISTRIBUTION: Helsinki Stock Exchange Main media www.larox.com Larox develops, designs and manufactures industrial filters and is a leading technology company in its field. Larox is a full service solution provider in filtration for separating solids from liquids. It supplies comprehensive aftermarket services throughout the lifespan of the Larox solution. Companies world-wide in mining and metallurgy, chemical processing and related industries benefit from the Larox technologies. Larox operates in over 40 countries and has over 440 employees. Larox Group is headquartered in Lappeenranta, Finland. Product factories are located in Lappeenranta and Utrecht, The Netherlands. Net sales in 2006 totalled 122.8 million euros, of which more than 95 % were generated by exports and the company's foreign operations. Note for editors: Larox photos can be downloaded from Larox Image Bank at http://www.larox.com/downloads |
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