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Board Composition Proposal by Boliden’s Nomination Committee

Boliden’s Nomination Committee will propose to the Annual General Meeting of Shareholders, to be held on 25 April 2017, that Pia Rudengren is elected as a new Member of the Board, and that current Board Members Marie Berglund, Tom Erixon, Lennart Evrell, Michael G:son Löw, Elisabeth Nilsson, Anders Ullberg and Pekka Vauramo are re-elected. Anders Ullberg is further proposed to be re-elected as Chairman of the Board. Ulla Litzén has declined re-election.

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Sandvik AB - Nomination Proposal for Board of Directors for the 2017 Annual General Meeting

The Nomination Committee of Sandvik AB proposes the election of Marika Fredriksson as new Board member and the re-election of the Board members Jennifer Allerton, Claes Boustedt, Johan Karlström, Johan Molin, Björn Rosengren, Helena Stjernholm and Lars Westerberg. Johan Molin is proposed to be re-elected Chairman of the Board. Jürgen M Geissinger has informed that he is not available for re-election.

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Endomines Ore Reserve and Resource Estimate Update

Endomines is making a public announcement of its updated ore reserves and mineral resources estimates. The estimates have been prepared according to the 2012 Australasian Code for Reporting of Mineral Resources and Ore Reserves (Joint Ore Reserve Committee - JORC-code). The updates have been prepared by various authors (Endomines - in house and others). The update represents the production situation as of December 31st 2016.

The results are as follows:

 

Endomines Ore Reserve and Resource Estimate

In the Pampalo underground mine almost all the ore reserve and resource mined in 2016 has been replaced by new ore reserves and resources. The data included results from the underground drilling campaign completed in 2016. Totally some 21 000 meters were drilled during 2016.

A new resource estimate has been prepared for Pampalo NW and Pampalonlammit. Although the resource estimates are relatively modest, it proves that it is still possible to find new resources near Pampalo.

Hosko and Muurinsuo were removed from ore reserves because the deposits are likely uneconomic with the current gold price. Hosko and Muurinsuo remain as mineral resources.

”Pampalo total reserves and additional resources have remained almost on the same level as a year before as new resources have been discovered and resources have been converted to reserves from the Pampalo deep extension area. During the past years we have all the time been able to convert Pampalo deep resources to reserves and discover also new resources from Pampalo Deeps. This exploration history supports our view that the exploration potential of Pampalo deep extension is high and continues”, comments Markus Ekberg, CEO of Endomines AB.

“We can certainly be satisfied that new resources Pampalo NW and Pampalonlammit – although modest at this stage - have been discovered and developed during the year 2016. This certainly confirms possibilities for new discoveries on the mining lease area”, continues Markus Ekberg.

This statement has been controlled by Eurogeologist Jani Rautio MSc (Geol) acting as a Qualified Person. Endomines applies Fennoscandian Review Board –standards for public disclosure of mineral resource and reserves. Jani Rautio is a full time employee of Endomines.

Source: Endomines AB

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Restart of SSAB Special Steels in Oxelösund pushed back until the Beginning of February

During the planned maintenance outage at SSAB Special Steels in Oxelösund in the beginning of December, ABB replaced the control system for the power supply of the rolling mill. During the planned restart, a transformer broke down, as earlier communicated. After repair, during the restart of the powertrain of the rolling mill, there was another breakdown of one out of six similar transformers.

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New CFO appointed at BE Group AB

Daniel Fäldt, has been appointed new CFO and member of Group Management. Daniel has a background at Bombardier Rail Control Solutions working as Regional Finance Director for South Europe, Africa and Americas.

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New President of LKAB Berg & Betong

As of 1 February 2017, Björn Koorem will be President of LKAB Berg & Betong AB, a subsidiary group wholly own by LKAB. Among other things, the group provides contracting services in rock reinforcement and drifting, produces and delivers concrete and blasting agents, processes and hauls waste rock and minerals, and provides engineering, construction and maintenance services for LKAB and external customers.

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