Boliden has decided to invest in increased capacity at the Rönnskär copper smelter. A total of MSEK 350 will be invested. The commissioning of the new production capacity is expected to take place in the beginning of 2021.
Skellefteå District Court announced its ruling today in the dispute relating to Boliden’s deliveries to Arica, Chile in the mid-1980s.
Boliden has decided to expand the Kevitsa copper-nickel mine and Harjavalta copper-nickel smelter. In total, EUR 125 m will be invested until 2020.
BHP’s Olympic Dam smelter operations will be enhanced through a total of A$350 million investment in the operations, which produce copper products for global markets.
Glencore announces that it has been engaged by Nyrstar to provide, through the Kazzinc operation in Kazakhstan, training and ramp-up support services in connection with Nyrstar's Transformation Project in Port Pirie, South Australia. This follows the successful implementation of Kazzinc's New Metallurgy Project, which was completed in 2012.
Helene Seim has been appointed General Manager at Boliden’s Odda zinc smelter in Norway. Helene’s most recent position was Production Manager, and she has worked at Boliden Odda since 2003.
Boliden’s revenues totalled SEK 8,849 m (10,407) and the operating profit, excluding the revaluation of process inventory, was SEK 769 m (1,102). Higher production levels than in the previous year were, however, unable to compensate in full for lower metal prices.
Boliden Harjavalta continues the development of the copper – nickel business and invests in improved environmental performance and operational efficiency.
Glencore and the Queensland Government have finalised new environmental licensing conditions which allows the Mount Isa Mines Copper Smelter to operate to the end of 2022. As a result, Glencore announced that the Mount Isa Mines Copper Smelter and Townsville Copper Refinery will remain open beyond their respective planned closure dates of 2016 and 2017.
“Boliden has posted a healthy result for the quarter with a particularly strong performance by our smelters. Market terms with sharp falls in metal prices were the big challenge during the quarter, but a robust cash flow, good balance sheet and advantageous metal mix mean that Boliden is well positioned in a turbulent time for the metals sector,” says Boliden’s President & CEO, Lennart Evrell.
Boliden will launch an independent nickel smelting business, buying nickel concentrates from external suppliers and selling nickel matte to nickel refineries. The annual production is estimated to remain at 25,000 tonnes of nickel in matte.
Boliden has taken the decision to increase capacity at its Odda zinc smelter in Norway from 170,000 to 200,000 tonnes of zinc per annum.
Kazakhmys PLC announces that Philip Aiken AM will be retiring from the Board at the end of August 2013.
Following a tank breakdown July 25, 2014, the production at the Boliden Kokkola zinc smelter is reduced due to repairs and inspections in the hot leaching facility, Boliden reported today.
Göran Kördel has been appointed CIO for the Boliden Group as of 19 May 2014.
“ 2013 was a tough year, market-wise, with lower prices for metals and a weaker US dollar exchange rate. Boliden’s production however, was good, taking into account the large scale, planned maintenance shutdowns that we carried out.
We have focused heavily on the expansion projects and on process stability and safety work – all areas that will continue to be of major importance for us in 2014.”
Anglo American Platinum Limited yesterday reported a return to profitability with an operating profit of R2.0 billion for the 12 months to December 2013, up from last year’s loss of R6.33 billion. Revenue increased by 22% to R52.4billion, driven by higher sales volumes and the impact of the weakening Rand/USD exchange rate. Headline earnings increased to R1.5 billion from the loss of R1.5 billion incurred in 2012.
Kazakhmys PLC announces that it has appointed Non Ferrous China as a second principal contractor at the Group’s major copper growth project at Bozshakol. The additional resources will be targeted on the construction and commissioning of the processing plant.
Sophie Arnius has been appointed Director Investor Relations of Boliden, effective as of 2 January 2014.
The Board announces the appointment of Jinghua Han as an Executive Director and CEO and Katinka Schuman as a non-executive director.