BOLIDEN, Sweden, April 27, 2021 /PRNewswire/ — Boliden has determined to take a position SEK 1,250 m in increasing the Kristineberg mine in direction of the Rävliden mineralization. Many of the funding is conditional on a allow being acquired for a rise in manufacturing. The growth is anticipated to contribute to a rise in milled volumes within the Boliden Space to 1.8 Mtonnes.
“This can be a essential step in future-proofing the complete Boliden Space. The growth and modernization of the mine will happen in a number of phases, throughout which we’ll, in fact, additionally consider alternatives for using fossil-free know-how. In parallel, we’ll proceed with exploration efforts within the space,” says Stefan Romedahl, President of Enterprise Space Mines.
Boliden has submitted an utility for expanded manufacturing on the Kristineberg mine to the Swedish Land and Surroundings Court docket. On the similar time, it has been determined to make preparatory investments in, amongst different issues, infrastructure and water remedy. Conditional on the applying being permitted, Boliden will full the funding, which features a new ramp and a brand new crushing station. The funding quantities to SEK 1,250 m and manufacturing is anticipated to begin in 2023. A accomplished growth will imply, along with elevated mine manufacturing, that the lifetime of the Kristineberg mine shall be prolonged and that capability utilization within the Boliden Space’s concentrator shall be improved.
Accomplished exploration of the Rävliden mineralization has resulted in 8.4 Mtonnes of inferred and indicated mineral assets, with the potential for extra reserves. The deposit incorporates copper, zinc, lead, silver and gold.
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Boliden is a metals firm with a concentrate on sustainable growth. Our roots are Nordic, our market international. Our core competence lies throughout the fields of exploration, mining, smelting and steel recycling. Boliden has round 6,000 workers and an annual turnover of SEK 50 billion. The share is listed within the Massive Cap phase on NASDAQ OMX Stockholm.
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