Interim Report, January - September 2002

•Boliden reports a profit after financial items of SEK 33 million (SEK -3,436 m) for the first nine months of 2002 despite a fall in metal prices. This corresponds to an improvement of SEK 2,847 million excluding operations that have been sold or shut down and items affecting comparability (IAC).

•The profit after financial items for Q3 2002 totalled SEK 13 million (SEK -2,813 m).

•Cash flow from operating activities was SEK -65 million for the period. During the third quarter cash flow was affected by payment in connection with prior agreements in Spain and currently lower trade payables. Cash flow is expected to improve in the fourth quarter.

•The Business Area Mining Operations reports a substantial improvement in profits for the third quarter in comparison with the first two quarters of 2002. The Rönnskär smelter's result was affected negatively in Q3 2002 by inventory price adjustments due to lower metal prices.

•The Myra Falls mine reports a profit for the third quarter, 2002.

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