Boliden Prepares for the Inauguration of the Garpenberg Expansion
21 August 2014 - 8:08PM
Business Wire
Regulatory News:
Boliden (STO:BOL)(TSX:BLS):
The inauguration ceremony for Boliden’s expansion of the
Garpenberg mine will be held on 26 August 2014 with Christer
Fuglesang, Professor at the Royal Institute of Technology and the
first Swede in space, officiating. The investment, which totalled
SEK 3.9 billion, has made Garpenberg into one of the world’s most
cost-effective and modern zinc and silver mines.
The expansion, which is located adjacent to the existing mining
area, includes a new concentrator and underground equipment and
infrastructure. On the opening day the 150 invited guests will be
offered a tour of the new facilities, both above and below
ground.
The theme of the inauguration is know-how and technological
development, in that the expansion was enabled by a combination of
successful exploration activities and sector-leading technological
development.
“There are a lot of people and a lot of combined know-how
involved in an expansion project on this sort of scale. In addition
to our own expertise in a variety of areas, the project has seen us
working hand in hand with everyone from our contractors to official
bodies and banks. The inauguration day is intended to showcase the
importance of new technology in the form of a mine that has been in
operation for 800 years now. We are working hard on the
preparations for the opening day and are looking forward to showing
off the new Garpenberg to all of our guests,” says Marcela
Sylvander, Boliden’s Director Group Communications.
Facts and figures: Mining of the deposits at Garpenberg, outside
Hedemora, began way back in the 13th century and the oldest letters
patent still in existence for mining operations at Garpenberg were
issued in 1354 by the Swedish King Magnus Eriksson, making
Garpenberg one of the oldest mines that is still operational.
Boliden acquired Garpenberg in 1957, since when exploration work
has resulted in a substantial increase in the ore reserves. Today
Garpenberg produces complex ores containing zinc, copper, lead,
gold and silver – a metal mix that has helped bring about the
mine’s favourable cost position.
In 2013, Garpenberg produced: Ore: 1,495 ktonnes, Zinc: 70,267
tonnes, Copper: 517 tonnes, Lead: 25,352 tonnes, Gold: 277 kg and
Silver: 161,784 kg.
This information was brought to you by Cision
http://news.cision.com
BolidenMarcela SylvanderGroup Communication+46 733
244551
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