Boliden: Update expansion project Odda and capital expenditure guidance 2025
BOLIDEN AB UNSP/ADR (BDNNY)
NASDAQ:AMEX Investor Relations:
boliden.com/investor-relations
Company Research
Source: PR Newswire
STOCKHOLM, Sept. 12, 2024 /PRNewswire/ -- Since 2021, Boliden has carried out investments in the Odda zinc smelter with the aim of increasing the annual production volume from 200 to 350 ktonnes. Several of these investments are now largely completed, however, delays have occurred in the roasting facility in particular. This means that the ramp-up towards the new production level will start at the end of the first quarter of 2025. The delay means an increase in the cost of the project of EUR 100 m. Boliden's total capital expenditures for 2024 are still estimated at SEK 15.5 billion and for 2025 Boliden's capital expenditures are estimated at SEK 13.5 billion.In addition to enhanced electricity supply and quay infrastructure, the investment in Odda also includes a new roasting facility, a new sulfhuric acid plant, expansion and modernization of the leaching and purification plant, a new tankhouse and expansion of the foundry. In the vast majority of cases, the work follows the origina
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