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BOLIDEN, Sweden--(BUSINESS WIRE)-- Regulatory News: Boliden’s (BOL.ST)(TSX:BLS) purchase of the Kylylahti copper mine and of copper/nickel deposits in the Outokumpu field in eastern Finland was completed today and sees Boliden establish itself as both a mining and a smelting operator in Finland. Boliden’s purchase of the Kylylahti copper mine and of copper/nickel deposits in the Outokumpu field in eastern Finland was completed today and sees Boliden establish itself as both a mining and a smelting operator in Finland. “We welcome the Kylylahti employees to the Boliden Group. The integration process has begun and we are looking forward to working with the synergies we see in terms of mining, metallurgy and exploration. Exploration efforts in the area have been limited since the mid-1980s and the potential below 400 m depth has not been explored in any detail, which is naturally very exciting,” says Boliden’s President and CEO, Lennart Evrell. Background: The consideration for the transaction between Boliden and the Australian company, Altona Mining, was USD 95 million, subject to adjustments for working capital, net debt and net capital expenditure during the settlement period. The acquisition has been financed by existing loan facilities and Kylylahti will, as of 1 October, be consolidated within Boliden Mines as a fifth mining area. |
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Boliden Mineral AB
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PRODUCTEUR |
CODE : BOL.ST |
ISIN : SE0000869646 |
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Boliden Mineral est une société d’exploration minière de molybdène basée en Suede. Boliden Mineral est productrice de molybdène, d'argent, de cuivre, d'or, de plomb et de zinc en Irlande et en Suede, et détient divers projets d'exploration au Burkina Faso, au Canada, au Mexique, en Argentine, en Espagne et en Suede. Ses principaux projets en production sont BOLIDEN AREA OPERATIONS (BAO), AITIK, SKELLEFTE MINING DISTRICT et GARPENBERG en Suede et TARA MINE (NAVAN) en Irlande et ses principaux projets en exploration sont TY et PREMIER-BIG MISSOURI & MILL au Canada, LAISVALL MINE en Suede et LOS FRAILES (APIRSA) en Espagne. |