Boliden and the Finnish harbour strike

The Finnish harbour strike, now on its second week, will begin to have consequences for Boliden from the end of this week.

The strike mainly influences deliveries of raw materials to Boliden's two Finnish smelters - the zinc Smelter in Kokkola and the copper/nickel smelter in Harjavalta.

Stocks of zinc and nickel concentrates are sufficient to continue production through next week.

Lack of copper concentrates will, however, force Harjavalta to shut down its copper smelter on 18 March and the copper refinery on 19 March. Employees at Harjavalta will be temporarily laid-off beginning 25 March.

The strike has so far only caused limited effects to Boliden's customers.

 Boliden is a leading European metals company whose core competence is in the fields of exploration, mining, smelting and recycling. Boliden's main metals are zinc and copper. Other important metals extracted and refined include lead, gold and silver. The operations are conducted in two Business Areas: Mines and Smelters. The number of employees is approximately 4 400 and the turnover amounts to approximately SEK 28 billion annually. Its shares are listed on NASDAQ OMX Stockholm, segment Large Cap and on the Toronto Stock Exchange in Canada.	
  www.boliden.com

For further information, please contact:

Svante Nilsson, President Business Area Smelters, Boliden AB, tel: + 46 8 610 1527, + 46 705 833278

Marcela Sylvander, Director Group Communications, Boliden AB, tel: +46 8 610 15 59, +46 733 244 551

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