Boliden has decided to modify the production plan at its Aitik copper mine near Gällivare, Sweden. The result will be that production at the mine can be made more effective with improved profit and strengthened cash flow.

The modified plan will allow a transition from three shifts to two in both waste stripping and drilling. There will also be changes in the organisation which will involve an overall reduction of 38.5 positions.

The organisational changes will be implemented on September 15, 2003 and the new production plan will be introduced in stages during the last quarter of the year.

For further information please contact:
Jan Johansson, President and CEO, telephone +46 8 610 16 02, +46 70 555 02 02
Ulf Söderström, Vice President Public Relations, telephone +46 8 610 15 57, +46 70 618 95 95
Bo Johan Nilsson, Vice President Mining Operations Sweden, tel +46 910 77 42 78, +46 70 609 31 35