Boliden has finalized its acquisition of the Somincor copper-zinc mine in Portugal and the Zinkgruvan zinc mine in Sweden from Lundin Mining. The deal, completed on April 16, 2025, includes a cash consideration of $1.4 billion, with $1.3 billion paid on a debt- and cash-free basis as of the locked-box date of August 31, 2024,...
READ MOREBoliden has secured all necessary regulatory approvals for its acquisition of Somincor (Neves-Corvo) in Portugal and Zinkgruvan in Sweden, following approval from the European Commission. The initial announcement of the acquisition was made December 9, 2024. The approvals include competition clearance from the European Commission, approval from the Inspectorate for Strategic Products under the Foreign...
READ MOREMining company Boliden’s Nomination Committee has proposed Victoire de Margerie as a new member of the Board of Directors. The proposal will be presented at the company’s Annual General Meeting on April 23. Alongside de Margerie’s nomination, all current board members have been proposed for re-election, with Karl-Henrik Sundström recommended to continue as Chairman of...
READ MOREBoliden has completed a significant expansion at its Odda zinc smelter in Norway, nearly doubling production capacity in what is one of the largest industrial investments on Norway’s mainland. The upgraded facility now has the capacity to produce 350,000 tonnes of zinc annually, up from 200,000 tonnes. The investment includes new infrastructure for logistics and...
READ MOREDistrict Metals and Boliden Minerals have approved an increased exploration budget of CAD$3.0 million for 2025, a 50% increase from the previous year, to be equally allocated between the Tomtebo and Stollberg properties in Sweden. District Metals, as the operator of the collaboration, has commenced core drilling at the high-grade base metal polymetallic Tomtebo Property...
READ MOREBoliden announced a larger-than-expected rise in fourth-quarter core earnings on Thursday and increased its capital expenditure forecast for 2025, leading to a 3.6% rise in its share price. However, the Swedish miner also scrapped its dividend for last year to offset costs related to recent acquisitions. The company’s operating profit, excluding the revaluation of its...
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