Boliden Kokkola Leaching Tank Accident
August 15 2014 - 3:07AM
Business Wire
Regulatory News:
Boliden (STO:BOL)(TSX:BLS):
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.
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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BolidenMarcela Sylvander, Group Communication+46 733
244551orSophie Arnius, Investor Relations+46 70 590 8072
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