THE LOCAL COMMERCIAL COURT OF SEVILLE HAS IN CONNECTION WITH THE BANKRUPTCY PROCEEDINGS CONCERNING TO BOLIDEN'S SPANISH SUBSIDIARY APIRSA GRANTED A PRELIMINARY INJUNCTION AGAINST BOLIDEN AB AND BOLIDEN MINERAL AB FOR THE SEIZURE OF ASSETS UP TO EUR 141 MILLION, AS SECURITY FOR ALLEGED CLAIMS RELATING TO A DAM BREACH ACCIDENT IN SPAIN IN APRIL 1998.THE PRELIMINARY INJUNCTION WAS GRANTED WITHOUT HEARING BOLIDEN. BOLIDEN DISPUTES THE COURT'S ORDER AND WILL SEEK TO HAVE IT SET ASIDE.BOLIDEN HAS PREVIOUSLY STATED THAT, IN ITS VIEW, THE COMPANY WILL NOT SUFFER ANY SUBSTANTIAL FINANCIAL DAMAGE AS A RESULT OF THE LEGAL PROCEEDINGS AGAINST IT RELATING TO THE DAM BREACH ACCIDENT IN SPAIN. THE PRELIMINARY INJUNCTION GRANTED BY THE COMMERCIAL COURT OF SEVILLE DOES NOT CHANGE BOLIDEN'S VIEW.
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Boliden Mineral is a molybdenum exploration company based in Sweden.
Boliden Mineral produces molybdenum, copper, gold, lead, silver and zinc in Ireland and in Sweden, and holds various exploration projects in Argentina, in Burkina Faso, in Canada, in Mexico, in Spain and in Sweden.
Its main assets in production are BOLIDEN AREA OPERATIONS (BAO), AITIK, SKELLEFTE MINING DISTRICT and GARPENBERG in Sweden and TARA MINE (NAVAN) in Ireland and its main exploration properties are TY and PREMIER-BIG MISSOURI & MILL in Canada, LAISVALL MINE in Sweden and LOS FRAILES (APIRSA) in Spain.