About the process plantFrom a Metso presentation last week:
Kaunisvaara Project
Process Plant System
Metso Minerals (Sweden) AB
Time schedule
Tapuli Stream (line 1)
- Equipment deliveries from May - September 2012
- Mechanical completion shall be on November 8th 2012 followed by
- Commissioning for 90 days and
- Performance test for 90 days
- In full production Q2 2013
Sahavaara Stream (line 2)
- Mechanical completion for is scheduled May 2014 or eighteen months later
- Kaunisvaara at full production later part of 2014
Ocean Equities about Metso:
What was particularly reassuring was Metso's guidance that equipment orders for Northland are following the delivery time schedule with little time or capital risk despite its order book exceeding pre-GFC peak levels. Another key point worth highlighting was Metso's confidence in Northland being able to deliver a high quality product with stated targets (high quality: 69% Fe; low impurity: 1.1% SiO2 and 0.2% Al203; and favourable product size and flux characteristics). Metso, the industry leader in that field, has been heavily involved in the metallurgy and feasibility work of the project to date and confirmed that the ore quality has been verified sufficiently for them to near guarantee that the processing facility will deliver.