Boliden increases nickel smelting in Finland

Boliden announced that it has entered into a three party agreement with the American metal-based speciality chemicals producer, OM Group Inc. (OMG), and one of the world's leading nickel producers, Inco Limited, providing for the smelting of nickel concentrate at the Boliden Harjavalta copper smelter in Finland. A total of 240,000 tonnes of nickel concentrate will be smelted annually under this agreement. This three-year agreement comes into force in July 2006.

“By entering into this agreement, Boliden is ensuring supplies of concentrate to the nickel smelter at Harjavalta, and these increased supplies will enable the smelter to run at full capacity,” says Jan Johansson, President and CEO of Boliden. Boliden will process nickel concentrate from OMG and Inco into nickel matte. The matte will than be refined into finished nickel at OMG’s plant in Harjavalta. Boliden’s nickel smelter and OMG’s nickel refinery in Harjavalta are among the world’s most efficient and environmentally friendly plants.

About Us

Boliden is a metals company with a commitment to sustainable development. Our roots are Nordic, but our business is global. The company’s core competence is within the fields of exploration, mining, smelting and metals recycling. Boliden has approximately 5,500 employees and a turnover of SEK 40 billion. Its share is listed on NASDAQ OMX Stockholm, segment Large Cap. www.boliden.com

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