Boliden Receives Positive Ruling for the Aitik Mine Expansion.STOCKHOLM, Sweden -- Regulatory News: The Environmental Court announced today that Boliden (STO:BOL BOL Bolivia (ISO Country code) BOL Books Online BOL Bole (SIL code, Nigeria) BOL Bill Of Lading BOL Beginning Of Line BOL Best Of Luck BOL Buzz Out Loud BOL Bruin Online BOL Beginning Of Life )(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :BOL) has been granted a permit to commence expansion of the Aitik mine, from current annual production of 18 million tonnes to 36 million tonnes. In its ruling, the Environmental Court declares that the operation which Boliden has applied for is permissible. The court is also granting Boliden permission to immediately construct certain roads and carry out fundation work for industrial areas etc. In October 2006, Boliden's Board of Directors approved the investment of 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. 5.2 billion in expanding operations at the Aitik copper mine outside Gallivare, Sweden. In addition to the modern new concentrator that will provide double the ore production capacity, the investment will also provide, among other things: * Improved competitiveness and a substantially lower cash cost * A tripling of ore reserves from 200 to 600 million tonnes * An extension of the mine's lifespan from 2016 to 2025 * Increased production of copper, gold and silver, and new production of molybdenum molybdenum (məlĭb`dənəm) [Gr.,=leadlike], metallic chemical element; symbol Mo; at. no. 42; at. wt. 95.94; m.p. about 2,617°C;; b.p. about 4,612°C;; sp. gr. 10.22 at 20°C;; valence +2, +3, +4, +5, or +6. * Improved energy and environmental performance * The potential for further expansion in the future The main proceedings regarding Boliden's application will be held on 7th and 8th November, after which, the Environmental Court will decide on conditions for emissions, noise and other environmental impact from the expanded operations. At that time, a ruling will also be made regarding the issue of economic guarantees for reclamation costs. Boliden is one of the leading mining and smelting smelting, in metallurgy, any process of melting or fusion, especially to extract a metal from its ore. Smelting processes vary in detail depending on the nature of the ore and the metal involved, but they are typified in the use of the blast furnace. 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. 3.8 billion annually. Its shares are listed on Stockholmsborsen's Large Cap 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. www.boliden.com This information was brought to you by Cision http://newsroom.cision.com |
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