Boliden Signs up for Finnish Electricity Project.STOCKHOLM, Sweden -- Boliden has signed a letter of intent, via its Finnish subsidiary, to form a consortium called Fennovoima, in partnership with Outokumpu, E.ON E.ON Energy On (German energy company) , Rauman Energia and Katterno. The aim of the consortium is to investigate the preconditions for building a new Finnish nuclear power plant. "Boliden's objective, through this project, is to secure long-term electricity supplies for our Finnish smelters. If we are to maintain competitive production, electricity is a raw material of strategic significance. Energy currently accounts for 18 per cent of Boliden's total costs and our energy requirement is 3.5 TWh," says Boliden's President & 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. , Jan Johansson. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the letter of intent, one third of the capacity from the plant will be reserved for Finnish industry, one third for local and regional energy companies, and one third for E.ON, which will be the consortium's biggest partner. Every partner will be allowed to buy a quantity of electricity corresponding to their share in the consortium, at production cost. The project - which is ultimately dependent on the approval of the Finnish Government and Parliament - has a planned capacity of between 1,000 and 1,800 MW and operations are scheduled to start between 2016 and 2018. Boliden's proposed share corresponds to 80 MW, or approximately 46 per cent of the energy consumed at the company's Finnish units - the Kokkola zinc smelter and the Harjavalta copper smelter. 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 recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. 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 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion