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  • Boliden
    Klarabergsviadukten 90 101 20 Stockholm
    +46 (0)8 610 15 00
    +46 (0)8 31 55 45
    http://www.boliden.com
  • Klas Nilsson

    Director Group Communications


    +46 70-453 65 88
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    Updated Mineral Resources and Mineral Reserves for Kevitsa as well as grade guidance for 2025

    Boliden has updated the estimations for Mineral Resources and Mineral Reserves at Kevitsa, as a result of more detailed studies of the mineralization. The updated estimates show an increase in tonnage in both Mineral Resources and Mineral Reserves compared to the previous year. The average grade for the Mineral Reserve is estimated to increase to 0.22 percent for nickel (NiS*) and remains as previously 0.31 percent for copper. Nickel and copper guidance grades for 2025 are estimated at 0.17 percent and 0.23 percent respectively. Also, the timing for a decision on a potential Stage 5 project

    Invitation to the Extraordinary General Meeting of Boliden AB (publ)

    The shareholders of Boliden AB (publ) (company registration number 556051–4142) are summoned to the Extraordinary General Meeting to be held on Thursday, January 23, 2025 at 14:00 (CET). The Extraordinary General Meeting will be held at the offices of Advokatfirman Vinge, Smålandsgatan 20, Stockholm, Sweden. The meeting facilities will be open for registration from 13:30 (CET). The Board of Directors has resolved that the shareholders will be able to exercise their voting rights at the Extraordinary General Meeting also in advance (postal voting) in accordance with the provisions of the

    Boliden publishes Sustainability-Linked Finance Framework

    To support Boliden's vision to be the most climate-friendly and respected metal provider in the world, the company has published a Sustainability-Linked Finance Framework to facilitate the issuance of Sustainability-Linked Bonds.The Sustainability-Linked Finance Framework incorporates Boliden's climate targets, which have been validated by the Science Based Targets initiative (SBTi). These targets include reducing GHG-emissions by 42% for Scope 1 and 2, and by 30% for Scope 3 by 2030, using 2021 as the base year. Boliden's climate footprint is globally very competitive, and there is a

    Boliden to acquire the Neves-Corvo and Zinkgruvan mines

    Boliden has entered into a definitive agreement with Lundin Mining to acquire the Neves-Corvo mine in Portugal and the Zinkgruvan mine in Sweden. The upfront cash consideration for the entities is USD 1,300 m plus contingent payments that can reach up to USD 150 m, on a cash and debt-free basis. The transaction, that considerably strengthens Boliden´s mine production as well as internal zinc and copper concentrate supply, is subject to customary regulatory approvals.“The addition of two cash flow generative zinc and copper mines in Portugal and Sweden has a strong industrial logic as well

    Boliden Q3 2024: High production, stronger results

    “Our mine production during the quarter has been good. Just like last quarter, our Finnish smelters are producing very well.” – Mikael Staffas, President and CEO.Financials · Revenues: SEK 22,193 m (19,396) · Operating profit: SEK 3,165 m (1,912) · Operating profit excl. PIR*: SEK 2,999 m (1,940) · Free cash flow: SEK -495 m (-1,200) · Earnings per share: SEK 8.34 (4.96) *Process Inventory Revaluation Highlights · Operating profit excluding revaluation of process inventory totaled SEK 2,999 m (1,940) · Free cash flow was SEK -495 m (-1,200)  · Improved

    Invitation presentation of Boliden’s Q3 2024 report

    Boliden will announce its Interim Report for the third quarter 2024 on Tuesday, October 22, at 07:45 (CEST). A press and analyst conference will be held on the same day at 09:30, which also can be followed via webcast and telephone. The report will be presented by Boliden’s President and CEO Mikael Staffas, and CFO Håkan Gabrielsson. Press and analyst conference Tuesday, October 22Time:              09.30 (CEST)Venue:            Klara, Room DagermanAddress:         Klarabergsviadukten 90, Stockholm To participate via the webcast, please use the link below: https://boliden.

    Boliden and Komatsu deepen cooperation around fossil-free mining

    For several years, Boliden and Komatsu have collaborated on the electrification and automation of mining trucks in the open pit copper mine Aitik. Now the collaboration is further deepened with a world premiere of a mining truck that can be converted to battery technology.In Aitik, electrified trolley systems have, separate from this cooperation, been implemented with the aim of reducing diesel consumption and 17 mining trucks have been converted to self-driving in an autonomous haulage system (AHS). In connection with the world's largest expo for mining equipment, MINEXPO in Las Vegas,

    Update expansion project Odda and capital expenditure guidance 2025

    Since 2021, Boliden has carried out investments in the Odda zinc smelter with the aim of increasing the annual production volume from 200 to 350 ktonnes. Several of these investments are now largely completed, however, delays have occurred in the roasting facility in particular. This means that the ramp-up towards the new production level will start at the end of the first quarter of 2025. The delay means an increase in the cost of the project of EUR 100 m. Boliden's total capital expenditures for 2024 are still estimated at SEK 15.5 billion and for 2025 Boliden's capital expenditures are

    Boliden Q2 2024: Results affected by insurance income and decision to reopen Tara

    “I would like to reemphasize our full focus on delivering all our investments in a good way. The future-proofing of operations we carry out in Aitik, the Boliden Area, Odda and Rönnskär will serve us well for many years to come” – Mikael Staffas, President and CEO. Financials •    Revenues: SEK 22,748 m (18,442)•    Operating profit: SEK 4,814 m (874)•    Operating profit excl. PIR*: SEK 4,000 m (833)•    Free cash flow: SEK 401 m (-3,770)•    Earnings per share: SEK 13.20 (1.90) *Process Inventory Revaluation Highlights •    Operating profit excluding revaluation of

    Invitation presentation of Boliden’s Q2 2024 report

    Boliden will announce its Interim Report for the second quarter 2024 on Friday July 19 at 07:45 (CEST). A press and analyst conference will be held on the same day at 09:30, which can be followed via webcast and telephone. The report will be presented by Boliden’s President and CEO Mikael Staffas, and CFO Håkan Gabrielsson. To participate in the webcast, please use the link below: https://boliden.videosync.fi/2024-07-19-q2report2024 

    Report of payments to government agencies in 2023

    Boliden is today publishing its report of payments to government agencies in accordance with Swedish Law (2015:812) on the reporting of payments to government agencies. The report encompasses payments made to government agencies in Sweden, Finland and Ireland that pertain to extractive industry operations in 2023. For further information, please contact:Klas NilssonDirector Group Communications+46 70 453 65 88klas.nilsson@boliden.com This information is information that Boliden AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted

    Confirmation of insurance claim for Rönnskär

    After the fire that destroyed Rönnskär’s tank house in June 2023, Boliden has now received confirmation that the primary insurance company fully assumes its part of the insurance claim. Boliden will therefore report an income of SEK 2.4 billion affecting the result for the second quarter of 2024. Thereafter, the insurance proceeds are expected to be paid out over time. However, the payment plan has not yet been determined.   At the time of the fire, Rönnskär’s total insurance coverage amounted to SEK 3.4 billion, split between a primary insurance with a limit of SEK 2.4 billion, and

    Agreement reached to reopen Tara

    An agreement has been reached between worker´s unions and local management which enables the process of reopening the mine at Tara on a more financially sustainable basis. In July 2023, the Tara mine was put in care and maintenance due to a combination of factors, including negative zinc price development, overall cost level and operational challenges. An agreement between worker´s unions and local management, to significantly improve ways of work and productivity, has now been secured. The agreement includes among other things an optimized mining plan which reduces transportation

    Boliden incorporates validated climate goals in sustainability linked credit facilities agreement

    Boliden, as one of the first mining and metals companies in the world, has incorporated and linked climate goals validated by Science Based Targets initiative (SBTi) into an existing revolving credit facilities agreement (RCF). The RCF totals EUR 850 m and now includes Sustainability Performance Targets aligned with Boliden´s climate goals, being emission reductions corresponding to 42 percent (Scope 1 and 2) as well as emission reductions of 30 percent (Scope 3) by 2030, base year 2021. “Base metals are needed for Europe’s transition towards climate-friendly societies. As a provider of

    Joint pre study on sustainable transition

    Boliden, Nevel, Skellefteå Kraft and Sveaskog have signed a letter of intent on a feasibility study to establish a value chain for hydrogen and biofuels in Västerbotten. In the extension, the goal is, among other things, to enable the phasing out of fossil fuel that is currently used in processes at the Rönnskär smelter.Boliden, Nevel, Skellefteå Kraft and Sveaskog have a common ambition to greatly reduce CO2 emissions in society. In the preliminary study, the actors will explore a possible solution to drastically reduce emissions at Rönnskär in Skellefteå. Together, the actors contribute

    Communiqué from Boliden’s Annual General Meeting

    Boliden’s Annual General Meeting was held on April 23, 2024 live in Boliden and through postal voting.Board of Directors The Meeting resolved on the re-election of all Board Members – Helene Biström, Tomas Eliasson, Per Lindberg, Perttu Louhiluoto, Elisabeth Nilsson, Pia Rudengren and Karl-Henrik Sundström, and the new election of Derek White. Karl-Henrik Sundström was re-elected as Chairman of the Board. The Board of Directors and the President & CEO were granted discharge from liability for the 2023 financial year.  Fees The Meeting resolved that the remuneration to the Chairman of

    Boliden’s Q1 2024: Key investment decisions in a challenging quarter

    “Despite more challenges than usual during the quarter, we have been able to maintain production well, especially in Business Area Mines. In addition, we have also made several decisions to future-proof both Rönnskär and the Boliden Area” – Mikael Staffas, President and CEO.Financials •         Revenues: SEK 18,481 m (19,962) •     Operating profit: SEK 1,615 m (3,405) •         Operating profit excl. PIR*: SEK 1,212 m (3,020) •         Free cash flow: SEK -1,508 m (-46) •         Earnings per share: SEK 4.16 (9.29)   *Process Inventory Revaluation Highlights •

    Invitation presentation of Boliden’s Q1 2024 report

    Boliden will announce its Interim Report for the first quarter 2024 on Tuesday 23 April at 07:45 (CEST). A press and analyst conference will be held on the same day at 09:00, which can be followed via webcast and telephone. The report will be presented by Boliden’s President and CEO Mikael Staffas, and CFO Håkan Gabrielsson. To participate in the webcast, please use the link below: https://boliden.videosync.fi/2024-04-23-q1report2024 To participate in the telephone conference, please register 5 minutes before the opening of the conference via the link below. After the registration

    Total impact on Boliden from political strikes in Finland in the first quarter 2024

    A number of trade unions in Finland have carried out political strikes during the quarter, which have affected Boliden’s access to critical infrastructure such as railway and harbors. The strikes do not involve Boliden as a negotiating party, and the impact on production has been limited. If the announced extension of the ongoing strike until March 31 is carried out, the total impact on Boliden’s operating profit in the first quarter 2024 is estimated to approximately SEK 500 million, whereof SEK 200 million is due to reduced production and SEK 300 million to delayed deliveries to customers.

    Invitation to the Annual General Meeting of Boliden AB (publ)

    The shareholders of Boliden AB (publ) (company registration number 556051-4142) are summoned to the Annual General Meeting to be held on Tuesday, April 23, 2024 at 12.30 p.m. (CEST). The Annual General Meeting will be held in Folkets Hus, Boliden, Sweden. The meeting facilities will be open for registration and exhibition from 10.00 (CEST). Lunch is served from 11.30 (CEST). The Board of Directors has resolved that the shareholders will be able to exercise their voting rights at the Annual General Meeting also in advance (postal voting) in accordance with the provisions of the Articles

    Boliden's capital market update: Investment in new tank house at Rönnskär

    Boliden has decided to invest in a new tank house at Rönnskär. The investment, which totals SEK 4.8 billion, means that production of copper cathodes as well as precious metals will gradually increase to full capacity during the second half of 2026. In parallel, further investments are being presented today, including extended lifespan of operations within the Boliden Area, as well as an updated investment guidance for 2024.“All of our major investment projects are on schedule and are now approaching commissioning, which is very pleasing. Through these, both Aitik and Odda are future-

    Impact on Boliden from political strike in Finland

    A number of trade unions have announced a two-week long political strike in Finland starting March 11, 2024. The strike is politically motivated and does not involve Boliden as a negotiating party. The direct industrial actions at Boliden's operations are limited, however, Boliden is heavily indirectly affected by industrial actions in Finland’s harbors and railroad system. Boliden will try to limit the impact on its customers. If the strike goes through as announced, it is estimated that Boliden's operating profit in the first quarter 2024 will be negatively affected by approximately

    Boliden enters into agreement with Hypex Bio for production and delivery of environmentally and climate-friendly explosives

    As the first mining operator, Boliden has signed an agreement for the production and delivery of a newly developed explosive with significantly improved environmental and climate performance. As a result, the need for nitrogen treatment of water is strongly reduced and climate performance is improved by around 400 tons of CO\2\ per year.“For us, it is important to be part of technology development in many areas and when it is successful, we also want to be early with implementation. Together with the electrification of transport and other machines, this means another important step towards

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