Bloomberg News

Boliden Plans to Close Copper and Zinc Smelters for Maintenance

March 22, 2013

Boliden AB (BOL), Sweden’s only copper miner, plans to shut down smelters for maintenance during the coming quarter.

“We’ll have maintenance stoppages in several smelters in the second quarter of this year,” Frans Benson, director of investor relations at the Stockholm-based company, said by phone today. “We’re planning not to have a severe impact on volume.”

Boliden operates five smelters in Norway, Sweden and Finland, according to its website. All of them will close except the Bergsoe lead plant in southern Sweden, Benson said. The most extensive work will take place at the Ronnskar copper site in Sweden, according to the company.

The Kokkola smelter in Finland produced 315,000 metric tons of zinc last year and Odda in Norway had output of 153,000 tons of metal, Boliden’s website showed. Production of copper cathodes, a refined form of the metal used in pipes and wiring, came to 124,527 tons at Harjavalta in Finland and 214,000 tons at Ronnskar.

Boliden slid 15 percent this year in Stockholm trading, the second-biggest retreat in the benchmark OMX Stockholm 30 Index (OMX), reducing its market value to 28.5 billion kronor ($4.4 billion).

To contact the reporter on this story: Agnieszka Troszkiewicz in London at atroszkiewic@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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