Metso to supply minerals processing equipment to Gold Reserve in Venezuela
Friday, July 6th, 2007
Metso Minerals will supply minerals processing equipment to Gold Reserve Inc. for its Brisas gold-copper project in Venezuela. The delivery will be completed by the end of 2009. The value of the order is approximately EUR 47 million. The order is included in Metso’s second quarter order backlog.
Metso’s order comprises two SAG mills, four ball mills and two VERTIMILL grinding mills. Additionally, Metso Minerals will supply apron feeders, a primary gyratory crusher and cone crushers to Gold Reserve. The order includes start-up and commissioning services, as well as initial spare parts for the project.
The Brisas Project, located in the Bolivar State near Las Claritas, will be Venezuela’s largest mine in terms of throughput. Gold Reserve Inc. is listed on the American (AMEX) and Toronto stock exchanges.