Outotec provides a solution to the market demand, where ore grades are declining and at the same time demand for metals is growing. More advanced technologies are needed to process the greater quantities.  In addition, mines and plants are expanding and, due to tightening legislation and general ecological attitudes towards waste handling, the demand for more efficient processes at greater capacity has increased.

With the development of the world's largest SAG mill, Ø40'x29', Outotec responds to the need by offering increased efficiency, effective grinding conditions and improved mill capacity up to 15% with reduced energy consumption.

Outotec has recently been awarded a contract to deliver one of the largest grinding mills in the world. The contract includes the design and manufacture of a Ø40'x29' SAG mill. The mill will be driven by a Gearless Motor Drive (GMD) which at 28.0MW is equal to the largest grinding mill power ever used in the mining industry.

The SAG mill design is based on Outotec's proprietary grinding mill technology, developed over decades for maximum reliability and performance. The mill will be operated as a single stage SAG mill (primary and secondary duty combined) with very high throughput made possible by the use of Outotec's patented Turbo Pulp Lifter (TPL(TM)) Technology.

The grinding mill is planned to be installed during 2014 at First Quantum's Kansanshi Copper Mine in Zambia. The plant has been in operation since 2004 and Outotec has delivered all the critical processing equipment for the Kansanshi concentrator, including four grinding mills, multiple flotation cells and thickeners.

This order reinforces Outotec's position as the premier solution provider to the mineral processing industry through its broad product range of comminution and concentrator process equipment.

Metso Corporation’s Board of Directors has decided to withdraw its proposal for an extra dividend of EUR 0.50 per share for the financial year ended December 31, 2011. The Extraordinary General Meeting planned for October 12, 2012 has consequently been cancelled.

After the Board decision of September 6, 2012 on proposal on extra dividend, Metso made a decision of the restructuring of its paper machine business. Metso has successfully implemented a number of major reorganizations and improved the efficiency of its operations together with its personnel in recent years that have helped make the Group one of the leading technology companies in its field.

Taking this into consideration and in order to support and secure the process to successfully plan and implement the essential restructuring required in the Group's paper machine business and to secure the Group’s long term sustainable performance, the Board has concluded that it no longer believes that an extra dividend is warranted at this time. Withdrawing the proposal is in the Board’s view in the best interests of the company, its shareholders, the personnel and thereby Metso’s overall position and future development.