Boliden's amazing journey
Boliden has made an amazing journey. From struggling for survival to achieving record results. From being forced to sell operations to becoming a leading player in the European metals market. Now that most of the factors are favourable, however, it is vital that we retain our focus on becoming even more cost-effective – and on prioritising the right investments.
Boliden has entered into a definitive agreement with Lundin Mining to acquire the Neves-Corvo mine in Portugal and the Zinkgruvan mine in Sweden. The upfront cash consideration for the entities is USD 1,300 m plus contingent payments that can reach up to USD 150 m, on a cash and debt-free basis. The transaction, that considerably strengthens Boliden's mine production as well as internal zinc and copper concentrate supply, is subject to customary regulatory approvals.
"Our mine production during the quarter has been good. Just like last quarter, our Finnish smelters are producing very well." - Mikael Staffas, President and CEO.
Boliden will announce its Interim Report for the third quarter 2024 on Tuesda
