Metso Minerals will supply grinding equipment to the Yanacocha gold mine in Peru. The mine is a joint venture owned by Newmont Mining Corporation, Compania de Minas Buenaventura and the International Finance Corporation. Delivery of the mill is scheduled for the first quarter of 2007. The approximate value of the order is EUR 8 million. The order was included in Metso's first-quarter order intake.
Minera Yanacocha includes five open pit mines and two plants for processing gold ore, located high in the Andes Mountains, 600 kilometers north of Lima. Metso's order is for a 32’ x 34’ single stage SAG mill powered by a 16,500 kW ring motor drive at the processing plant of the Gold Mill Project. The Gold Mill Project is part of the expansion effort at Minera Yanacocha.
Employing approximately 2,000 people Minera Yanacocha is the largest gold producer in South America. Newmont Mining Corporation identified the first of many deposits at Yanacocha in 1986. The mine's production began in 1993.
Metso Minerals is a global supplier of solutions, equipment and services for rock and minerals processing. Its expertise covers the production of aggregates, the processing of ores and industrial minerals, as well as construction and metal recycling. Metso Minerals is a business area Metso Corporation, a global engineering and technology corporation with 2005 net sales of approximately EUR 4.2 billion and a personnel of 22,000 employees in more than 50 countries.