Boliden signs framework agreement with China Minmetals

Boliden AB and China Minmetals Corporation have entered into a framework agreement for the sale of copper by Boliden to Minmetals.

"This is an important step towards building relations and establishing a direct channel to the Chinese market," states Lennart Evrell, President and CEO of Boliden.

Mr. Zhou Zhongshu, President of Minmetals, and Lennart Evrell, President and CEO of Boliden, signed the agreement at the Sweden-China Business Cooperation and Innovation Forum at Stockholm City Hall earlier today.

The two companies have agreed conditions for the supply of approximately 36,000 tonnes of copper over a three-year period. The value at today's copper price is USD 300 million.

 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:
Frans Benson, Investor Relations, Boliden AB, tel: +46 8 610 1523
Marcela Sylvander, Director Group Communications, Boliden AB, tel: +46 8 610 15 59, +46 733 244 551

Downloads

More press releases & news

Boliden Q3 2024: High production, stronger results

"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.

Read more
Invitation presentation of Boliden's Q3 2024 report

Boliden will announce its Interim Report for the third quarter 2024 on Tuesda

Read more
Boliden and Komatsu deepen cooperation around fossil-free mining

For several years, Boliden and Komatsu have collaborated on the electrification and automation of mining trucks in the open pit copper mine Aitik. Now the collaboration is further deepened with a world premiere of a mining truck that can be converted to battery technology.

Read more