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BOLIDEN, Sweden--(BUSINESS WIRE)-- Regulatory News: Boliden (BOL.ST)(TSX:BLS): 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. “The accident did not result in injuries or environmental consequences. It was however severe and we are very concerned. We are now continuing to analyze the incident, evaluate the damage and verifying the inspection and repair work. Our estimation is that we will back in full production in September,” says Jarmo Herronen, General Manager Kokkola. The accident in which one of Boliden Kokkola’s six hot acid leaching tanks broke down, has reduced zinc production to 85 per cent of its capacity during inspections and repairs. The silver recovery plant, which was recently commissioned, is fed with material from the hot acid leaching tanks and will consequently not be in production until the tanks are in operation again. The financial consequences from lost production and cost of repairs are estimated to be 7 MEUR and will impact the Group’s third quarter EBIT. 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 4,800 employees and a turnover of SEK 34 billion. Its shares is listed on NASDAQ OMX Stockholm, segment Large Cap. www.boliden.com This information was brought to you by Cision http://news.cision.com
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Boliden Mineral AB
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PRODUCER |
CODE : BOL.ST |
ISIN : SE0000869646 |
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Boliden Mineral is a molybdenum exploration company based in Sweden. Boliden Mineral produces molybdenum, copper, gold, lead, silver and zinc in Ireland and in Sweden, and holds various exploration projects in Argentina, in Burkina Faso, in Canada, in Mexico, in Spain and in Sweden. Its main assets in production are BOLIDEN AREA OPERATIONS (BAO), AITIK, SKELLEFTE MINING DISTRICT and GARPENBERG in Sweden and TARA MINE (NAVAN) in Ireland and its main exploration properties are TY and PREMIER-BIG MISSOURI & MILL in Canada, LAISVALL MINE in Sweden and LOS FRAILES (APIRSA) in Spain. |