Boliden makes big investments at Garpenberg and Rönnskär
Swedish base metals group Boliden will invest SEK4-billion in a new hoisting system at its Garpenberg mine, as it looks to sustain production and unlock additional mineralisation at the long-life operation.
The investment, announced as part of the company’s capital markets update on Wednesday, will support continued mining of newly identified resources and maintain production rates of about 4.5-million tonnes a year beyond 2030.
Boliden said extensive exploration in recent years had significantly increased mineral resources and reserves at Garpenberg, prompting the need for additional infrastructure to access deeper and newly discovered zones.
The new hoist will be installed close to areas where large volumes of mineralisation have been identified and is expected to be developed mainly between 2028 and 2029.
Once operational, the system will enable higher productivity and improve operational flexibility, while supporting the long-term expansion potential of the mine.
Garpenberg currently holds an environmental permit to produce up to 4.5-million tonnes a year, although the permit remains under appeal.
Further, Boliden announced a SEK1.5-billion investment in a demonstration plant for the production of supplementary cementitious material at Rönnskär.
"These are two foundational investments. Garpenberg is a world-class deposit, and the investment we are now making once again demonstrates how confident we are that we will be able to build on the already significant value creation at the mine.
"In Rönnskär, we are taking an important step towards waste-free smelter production through proprietary technology. Here too, we see significant potential and enhanced value creation, together with a lower climate footprint," says president and CEO Mikael Staffas.
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