Production stop in Tara

Production in Tara Mines has been stopped due to increased water flows into the mine. The increased water flow resulted from drilling of a pilot raisbore hole for a ventilation shaft. Underground production is not considered possible at this time.

Whilst drilling a pilot raise bore hole for a 1km ventilation shaft, a high flow of water into the mine was encountered, which caused production to be stopped. Inflow volumes are exceeding the capacity of the dewatering infrastructure. The production has been stopped to focus on protecting infrastructure and equipment, whilst also eliminating unnecessary addition of water into the mine. Initiatives have been initiated to stop the flow of water from the pilot raise bore hole. It is at present unclear how long the stop in production will be.

Boliden is a metals company with a commitment to sustainable development. Our roots are Nordic, but our business is global. The company’s core competence is within the fields of exploration, mining, smelting and metals recycling. Boliden has approximately 6,000 employees and a turnover of SEK 60 billion. Its share is listed on NASDAQ OMX Stockholm, segment Large Cap. www.boliden.com

Klas Nilsson
Director of Group Communications
tel: +46 (0)70 453 65 88
Mail: [email protected]

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