Nordic Investment Bank €100 million loan to help finance expansion at Boliden’s Kevitsa mine

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

Leave Message for Us to Get Back

Related stories

Apple Invests $500mn in MP Materials to expand U.S. supply

In a recent move, technology giant Apple Invests $500mn...

Egypt and Saudi Arabia Exploring Mining Cooperation Options

The Egyptian minister of petroleum and mineral resources, Karem...

Steel Tariffs To Protect Domestic Steel Industry In Canada

Prime Minister Mark Carney of Canada on July 16,...

New Mining Law in Egypt to Shift EMRA Into Economic Entity

A new amendment to the mineral resources law in...

The Nordic Investment Bank (NIB) and the Swedish mining and smelting company Boliden have signed a loan of €100 million to finance investments at the Kevitsa mine in Finnish Lapland and at the Rönnskär smelter in northern Sweden. The eight-year loan will finance the expansion of mining activities at Kevitsa in northern Finland, where copper, nickel, gold, platinum and palladium are mined. The expansion of the open pit will lead to an output increase of almost 20%.

Further, Boliden is investing in a new leaching plant at the Rönnskär copper smelter in northern Sweden. The plant will extract metal from residual material. Up to 50,000 t of waste that is generated by the smelter operations will be upgraded each year and transformed into an additional output of lead sulphate and copper/zinc sulphate.

“Mining plays a significant role in economic output, employment and labour productivity in the Arctic region. The investments will increase competitiveness and resource efficiency, and will help Boliden to process waste material in a more effective way”, says Henrik Normann, NIB President & CEO.

Latest stories

Related stories

Apple Invests $500mn in MP Materials to expand U.S. supply

In a recent move, technology giant Apple Invests $500mn...

Egypt and Saudi Arabia Exploring Mining Cooperation Options

The Egyptian minister of petroleum and mineral resources, Karem...

Steel Tariffs To Protect Domestic Steel Industry In Canada

Prime Minister Mark Carney of Canada on July 16,...

New Mining Law in Egypt to Shift EMRA Into Economic Entity

A new amendment to the mineral resources law in...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back