Boliden cuts zinc production

Due to decline in demand Boliden is reducing the Groups production of zinc metal at its Finnish and Norwegian smelters. The effect is a reduction by 60 000 tonnes of zinc metal on an annual basis and a temporary lay off of some 50 co-workers. The measures will be effective immediately.

In 2007 the Boliden Group produced some 460 000 tonnes of zinc.

For further information, please contact:

Svante Nilsson, President Business Area Smelters, ph: +46 (0)8 610 1527
Marcela Sylvander, Manager Group Communications, Boliden AB, ph: +46 (0)8 610 15 59,
+46 (0)733 244 551
Stefan Lundewall, IR, Boliden AB, ph: +46 8 610 1520, +46 70 208 3213

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 three Business Areas: Market, Smelters and Mines. The number of employees is approximately 4 500 and the turnover amounts to approximately EUR 3.6 billion annually. Its shares are listed on Stockholmsbörsen's Large Cap list and on the Toronto Stock Exchange in Canada.
www.boliden.com

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