Life-cycle agreement

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. 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.. 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. The mine’s estimated start-up is autumn 2016.

The Agreement applies to all mechanical maintenance in the processing area and not just the equipment supplied by Metso. 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.


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