Boliden Increases Production at Ronnskar.STOCKHOLM, Sweden -- Boliden's (STO:BOL) (TSX:BOL) Board of Directors has decided to invest SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 36 million in optimising production at the Ronnskar copper smelter's electrolytic e·lec·tro·lyt·ic adj. 1. Of or relating to electrolysis. 2. Produced by electrolysis. 3. Of or relating to electrolytes. e·lec refinery. The investment will generate an increase in the production of copper cathodes by some 16,000 tonnes to 250,000 tonnes. "The investment should be seen as part of Boliden's ongoing integration process within the copper smelting operations. Increasing the capacity of the electrolytic refinery will enable Ronnskar to process more copper anodes from the Harjavalta copper smelter. The increased finished copper output will be sold to existing customers via Ronnskar," says Jan Johansson President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. for Boliden. The investment will yield a 4 per cent reduction in Ronnskar's refining cost for copper. The estimated payback time is approximately 2 years from the production start-up. In concrete terms, the investment will entail the installation of 52 new electrolysis electrolysis (ĭlĕktrŏl`əsĭs), passage of an electric current through a conducting solution or molten salt that is decomposed in the process. cells and of equipment designed to increase the production efficiency of the electrolytic refinery. Work on the project is scheduled to start in September 2006 and the new facility is expected to be operational within one year. www.boliden.com Boliden is one of the leading mining and smelting companies in Europe with operations in Sweden, Finland, Norway and Ireland. Boliden's main products are copper, zinc, lead and gold and silver. Exploration and recycling of metals are also important within the company. The number of employees is approximately 4 500 and the turnover amounts to approximately EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2.2 billion annually. Its shares are listed on Stockholmsborsen's O-list and on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. in Canada. This information was brought to you by Waymaker http://www.waymaker.net |
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