Boliden Kokkola Inaugurates New Silver Recovery Plant
December 10 2014 - 3:57AM
Business Wire
Regulatory News:
Boliden (STO:BOL) (TSX:BLS)
Today is the official start of the new silver recovery plant at
Boliden’s zinc smelter Kokkola in Finland. The SEK 250
million-investment will result in a production of 25 tonnes of
silver annually.
In April of 2012 Boliden launched a project for extracting
silver from zinc concentrates, the background being higher contents
of silver in concentrates including the feed from the recent
expanded zinc silver mine Boliden Garpenberg. The new plant will
produce silver concentrate, an intermediate product, which will be
sold to silver refineries. The amount of silver in concentrate will
be approximately 25 tonnes annually.
“This new process is of great importance for Boliden Kokkola
since it will improve both profitability and raw material
efficiency. Silver concentrate will now be one of Boliden Kokkola’s
most valuable by-products,” says Jarmo Herronen, General Manager at
Boliden Kokkola.
The inauguration at Kokkola takes place at the same day as
Boliden’s 90 years celebration, which focuses on knowledge and
experience.
“Based on 90 years of knowledge and experience, Boliden has
developed a strong competitive position. The Kokkola silver
recovery process, and the recently inaugurated Garpenberg zinc-
silver mine expansion, are both in line with our strategy to
maximize the metal and by- product production from incoming raw
materials,” says Lennart Evrell Boliden’s CEO.
Facts: With its annual production capacity of 315 000
tonnes Boliden Kokkola is the second largest zinc smelter in Europe
with pure zinc and zinc alloys as main products. Boliden Kokkola
was the first smelter in the world to introduce the direct leaching
process for concentrates. The majority of the zinc produced in
Kokkola is sold to the European steel industry and is later used
within the automotive and construction industries. Half of the
global silver production is used in electrical and electronics
industries, other users include photographic and jewellery
industries.
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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Group CommunicationsMarcela Sylvander+46 733244551
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