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NEWS RELEASE
October, the 7th 2010

Outotec cooperates with National Development Corporation of Mongolia to develop Mongolian mineral deposits

Outotec cooperates with National Development Corporation of Mongolia to develop Mongolian mineral deposits

Outotec has entered into cooperation with National Development Corporation of Mongolia (NDC) to conduct a conceptual study for a copper smelter to be located in Sainshand, Mongolia. NDC is a consortium of the largest Mongolian private sector companies seeking to contribute in the industrial development of the country.

The cooperation agreement was signed during the visit of the President of Mongolia, Elbegdorj Tsakhia, to Finland. The Government of Mongolia plans to build an industrial complex in Sainshand to add value to mineral deposits such as Oyu Tolgoi copper deposit and to diversify the economy.

"Outotec's portfolio of advanced technologies covers the whole processing chain from minerals to metals. We were chosen as the technology partner for developing the Mongolian mining and metallurgical industry because of our leading technological capabilities and our strong reputation in delivering complete solutions to our customers", says Outotec's CEO Pertti Korhonen.

For further information, please contact:
Jari Rosendal, President - Non-ferrous Solutions
tel. +358 20 529 2700
Eila Paatela, Vice President - Corporate Communications
tel. +358 20 529 2004, +358 400 817 198
e-mails firstname.lastname@outotec.com
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