Boliden's Capital Market Day 2017: Delivering Value Through Operational Excellence
BOLIDEN, Sweden, Nov. 21, 2017 /PRNewswire/ -- Boliden's Capital Market Day includes presentations of Boliden's executive management in Stockholm, and a visit to the Kevitsa mine, that was acquired half way through 2016. On both occasions, Boliden will meet representatives from the capital market with the aim of contributing to an increased understanding of how Boliden's strategy generates long-term value.
"Our strategy's starting point is maintaining stable and efficient operations. Our corporate culture is central to developing productivity and competitiveness. At the same time, our ability to combine huge investments and new technology with high levels of personal responsibility is one of our greatest strengths. We invest a good deal of time and energy in ensuring we are well-prepared for swings in economic cycles. These are our cornerstones for delivering long-term value in an industry that is volatile and capital-intensive," says Lennart Evrell, President and CEO of Boliden.
During the day, Boliden presents the Group's updated investment plan. During 2018, investments totalling just over SEK 6 billion are planned for primarily stripping, dam projects, a sulphuric acid plant, a deep underground repository, and a crusher station at Aitik.
In conjunction with the visit to Kevitsa, which became operational in 2012, there will be an opportunity to study the development of the mine in closer detail. Production is composed of two metal concentrates that contain copper, nickel, gold, platinum, palladium and cobalt. Profit for the first year under Boliden's ownership amounted to EUR 53 million, in comparison with EUR -22 million for the corresponding period the year before.
"Kevitsa's integration with Boliden has gone very well. We have been able to utilise the synergy effects we identified before the acquisition, and production has been characterized by high stability. In the Boliden Area, production from 2018-2020 is set to fall due to the Maurliden mine becoming mined out. In Garpenberg, we are currently finalising a feasibility study designed to increase annual production to 3 Mtonnes as of 2020," says Mikael Staffas, President Boliden Mines
"Acquiring Kevitsa has generated a long-term, stable supply of nickel and copper concentrates for Harjavalta and Rönnskär. This, in line with our strategy, strengthens the opportunities for optimising value generation within Boliden," says Kerstin Konradsson, President Boliden Smelters.
Presentations
Presentations from the Capital Market Day are available at www.boliden.com as of 10 a.m.A live broadcast of the presentations, starting at 11 a.m., can be watched on the same webpage.
For further information, please contact:
Sophie Arnius
Director Investor Relations
tel: +46-8-610-15-23
+46-70-590-80-72
Klas Nilsson
Director Group Communications
tel: +46-70-453-65-88
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 a total of approximately 5,500 employees and a turnover of SEK 40 billion. Its shares is listed on NASDAQ OMX Stockholm, segment Large Cap. www.boliden.com
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SOURCEBoliden
