Press release October 22, 2013 11:08 AM EEST

Metso to deliver key minerals processing equipment for Alderon's Kami Iron Ore Project in Canada

Metso's solid presence in Quebec and proven reliability in customer service were
key factors in Alderon's choice

Alderon Iron Ore Corp., along with Hebei Iron & Steel Group Co. Ltd. ("HBIS"),
have selected Metso grinding mills to deliver efficiencies and meet production
goals for the joint-owned Kami Iron Ore Project, located in Newfoundland and
Labrador, Canada.

As part of the effort to secure long-lead mining and processing equipment for
the project, Alderon and HBIS placed an order for two Metso grinding mills: one
autogenous (AG) mill and one ball mill. The order is included in Metso Mining
and Construction's Q3 2013 orders received. The value of the order will not be
disclosed.

Alderon, who owns 75 percent of the Kami Project, views this contract as an
important step for the project. Tayfun Eldem, President and CEO of Alderon,
explains the significance of securing Metso equipment for the plant: "This order
is an exciting step for Alderon, as these mills are the cornerstones of our new
process plant."

Given its manufacturing and services presence in Lachine, Quebec, Metso was a
clear choice for the contract. A majority of the ball mill (fabrication of
shell, machining of mill heads and trunnions), as well as a portion of the AG
mill (machining of mill heads and trunnions) will be manufactured at the Lachine
facility. Plus, many key Alderon personnel had previous experience with reliable
and high-quality services from the Metso team in Lachine - a factor that weighed
heavily on the company's final decision.

Metso's AG and ball mills enable the mine to reach its production targets

Metso's mill delivery will help the mine reach its 8 million-ton-per-year
production goal. The AG mill is 11 meters (36 feet) in diameter and 7 meters (23
feet) in length, with a 15 megawatt power rating. The ball mill is 6.7 meters
(22 feet) in diameter, 12.5 meters (41 feet) long, and has a 10 megawatt power
rating.

The Metso grinding mills are scheduled for delivery in Q4 2014, with the Kami
Project slated to begin production of iron ore concentrate by the end of 2015.

Alderon is an iron ore development company based in Canada, with offices in
Vancouver, Montreal, St. John's and Labrador City. The Kami Project, owned 75%
by Alderon and 25% by HBIS, is located within Canada's premier iron ore district
and is surrounded by four producing iron ore mines.

Metso's mining and construction professionals specialize in always bringing the
right technology, processes, machinery and services to our customers in the
aggregates production, construction, mining and minerals processing and in metal
and waste recycling. Expect results.
www.metso.com/miningandconstruction

Metso is a global supplier of technology and services to customers in the
process industries, including mining, construction, pulp and paper, power, and
oil and gas. Our 30,000 professionals based in over 50 countries contribute to
sustainability and deliver profitability to customers worldwide. Metso's shares
are listed on the NASDAQ OMX Helsinki Ltd.
www.metso.com, www.twitter.com/metsogroup

For further information, please contact:
David Kowalski, Senior Vice President, Market Americas, Mining and Construction,
Metso, tel +1 412 269 5115