Boliden: Continued Legal Proceedings with Respect to the 1998 Dam Breach at the Los Frailes Mine in Spain
May 11 2015 - 2:14AM
Business Wire
Regulatory News:
Boliden’s Spanish subsidiary, Boliden Apirsa S.L., is now being
sued for approx. EUR 89 million as a part of the legal aftermath of
the dam breach accident in Spain in 1998. Claims are also directed
towards Boliden BV and Boliden AB but these companies have not yet
been served.
The suit is a continuation of the legal processes initiated by
Junta de Andalucía (the local government in Andalucía), back in
2002. After the dismissal of the suit on formal grounds by the
Supreme Administrative Court, the claim has been initiated in civil
court (the district court in Seville) which has been designated as
the court that can issue a substantive ruling on the claim.
The suit refers to costs that the Junta de Andalucía alleges it
incurred on Boliden Apirsa S.L.’s behalf in conjunction with the
clean-up after the dam breach. Junta de Andalucía is claiming
compensation both from Boliden Apirsa S.L. which, at the time of
the accident, owned and operated the mine and which is subject to
liquidation proceedings since 2005. Compensation is also claimed on
joint and several basis from Boliden BV and Boliden AB in their
capacities as direct and indirect owners of Boliden Apirsa S.L.
Boliden will contest the claim in its statement of defence and
Boliden’s opinion is that it will not suffer any significant
financial harm as a result of the claims.
For additional background on the matter, please see Boliden’s
Annual Reports (including Note 30 of the 2014 Annual Report) and
Boliden’s website, www.boliden.com.
For further information, please contact:
Marcela Sylvander, Group Communications, +46 733 244
551
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 4,900 employees and a turnover of SEK 37 billion. The
share is listed on NASDAQ OMX Stockholm, segment Large Cap.
www.boliden.com (http://www.boliden.com)
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For BolidenMarcela Sylvander, +46 733 244 551Group
Communications
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