Mines

Extensive expertise in mining design, mining methods and a high degree of technological refinement has made several of Boliden's mines among the most productive in the world.

Boliden Mines comprises of five mining areas: Aitik, the Boliden Area and Garpenberg in Sweden, Kylylahti in Finland and the Tara mine in Ireland. Boliden mines ore from underground mines and open-pit mines.

The ore is transported to the concentrator in the mining area in question to produce concentrate. The mines produce ore with relatively high metal grades, from a global perspective, with the exception of the Aitik mine where the copper grades are low. The majority of the zinc and copper concentrates are processed into metals in Boliden's own smelters. A certain amount of the concentrate is sold to external customers.

Boliden to acquire Kevitsa mine in Finland

On March 10, 2016, Boliden announced that it has entered into an agreement with First Quantum to acquire the Kevitsa nickel-copper-gold-PGM mine in Northern Finland. The total consideration on a debt free basis is USD 712 million in cash. The agreement is subject to approval by competition authorities.

The Kevitsa mine is a nickel-copper-gold-Platinum Group Metals (PGM) mine located in northern Finland. In 2015, nickel and copper accounted for roughly 40% each of net revenue, with gold, PGM and cobalt accounting for the remainder. The mine processed 6.7 Mtonnes of ore in 2015. The mine has 380 employees and around 200 contractors.

Read more about this acquisition here