NIB Nordic Investment Bank

Article

14 Feb 2018

NIB finances Boliden’s investment programme in northern Sweden

Boliden

Image: Boliden Mineral AB.

NIB and the Swedish mining and smelting company Boliden have signed a long-term loan agreement of EUR 110 million for investments at the Aitik copper mine and the Rönnskär smelter in northern Sweden.

The eight-year loan will finance the installation of a new surface crusher and water management at Boliden’s Aitik copper mine near the town of Gällivare.

The investments are part of the mine’s expansion and productivity development, and will allow for more efficient water management by decreasing metals in discharge water.

Further, the loan will finance the expansion of Boliden’s Rönnskär smelter near Skellefteå. The project includes the excavation of a new underground deep deposit, a water treatment plant, and new processes for the reduction of sulphur dioxide and dioxins.

“The investments at the Aitik mine and the Rönnskär smelter contribute to eliminating bottlenecks in the production processes, and further strengthen Boliden’s position as a leading company within sustainable mining and metal production. Both projects include deliveries from other companies in the Nordic mining sector”, says Henrik Normann, NIB President & CEO.

Boliden is a Swedish mining and smelting company that mainly produces copper, zinc, nickel, lead, gold and silver. The company is headquartered in Stockholm and has operations in Sweden, Finland, Norway and Ireland. Boliden employs approximately 5,500 people.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

For further information, please contact

Mr Lars Synnes, Senior Manager, Origination, at +358 10 618 0504,

Ms Lisa-Maria Altenberger, Communications Unit, at +358 10 618 0234,

 

 

  • AR2016

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