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2014-08-15

Boliden: Boliden Kokkola leaching tank accident

Following a tank breakdown July 25, 2014, the production at the
Boliden Kokkola zinc smelter is reduced due to repairs and
inspections in the hot leaching facility.

"The accident did not result in injuries or environmental
consequences. It was however severe and we are very concerned. We are
now continuing to analyze the incident, evaluate the damage and
verifying the inspection and repair work. Our estimation is that we
will back in full production in September," says Jarmo Herronen,
General Manager Kokkola.

The accident in which one of Boliden Kokkola's six hot acid leaching
tanks broke down, has reduced zinc production to 85 per cent of its
capacity during inspections and repairs. The silver recovery plant,
which was recently commissioned, is fed with material from the hot
acid leaching tanks and will consequently not be in production until
the tanks are in operation again. The financial consequences from
lost production and cost of repairs are estimated to be 7 MEUR and
will impact the Group's third quarter EBIT.

For further information, please contact:

Marcela Sylvander, Group Communication, +46 733 244551
Sophie Arnius, Investor Relations, +46 70 590 8072

Boliden is a metals company with a commitment to sustainable
development. Our roots are Nordic, but our business is global. The
company's core competence is within the fields of exploration,
mining, smelting and metals recycling. Boliden has a total of
approximately 4,800 employees and a turnover of SEK 34 billion. Its
shares is listed on NASDAQ OMX Stockholm, segment Large Cap.
www.boliden.com

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http://news.cision.com/boliden/r/boliden-kokkola-leaching-tank-accident,...
http://mb.cision.com/Main/997/9628544/275088.pdf

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