NIB lends to Boliden Odda smelter expansion in Vestland, Norway
The Nordic Investment (NIB) signs an 8-year loan with Boliden to expand and upgrade the Odda smelter in Vestland County, Norway.The EUR 100 million loan will co-finance investments to increase the annual production capacity for zinc products to 350,000 tonnes from current 200,000 tonnes. The project is scheduled to be completed by the end of 2024. The investment includes several new facilities at Odda, with a new roaster, a new sulphuric acid plant, expansion and modernization of the leaching and the purification plant, a new cellhouse, and expansion of the foundry and quay