PRESS RELEASE: This agreement will provide QIO with maximum availability of equipment to meet production targets for the Bloom Lake iron mine located near Fermont, Quebec. The new contract is signed for a period of three years and the first-year value of the order will be booked in Metso's March quarter 2018 orders received.

Jean Hebert, VP, services sales, Canada at Metso, said: "It's been a privilege to take on the challenge of identifying and customising our offer in order to meet the goals and objectives of QIO. We are proud of this partnership and committed to working with the QIO team to deliver a successful project."

Life Cycle Services (LCS) takes the entire range of services Metso provides and bundles them into tailored packages, ranging from the basics to more complete solutions, depending on the customer's needs. Packages are equipped to cover a single-event shutdown or span multiple years, measured against strict key performance indicators (KPI).